U.S. stocks open mostly lower as disappointing tech earnings weigh on Nasdaq

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. stock indexes opened mostly lower on Thursday amid a batch of disappointing earnings from technology behemoths, raising concerns about growth. The Dow Jones Industrial Average was up 0.3%:

U.S. stock indexes opened mostly lower on Thursday as the Nasdaq Composite and S&P 500 were hit with a batch of disappointing earnings from technology behemoths, raising concerns about growth. The S&P 500 SPX, -0.43% dropped 8 points, or 0.2, to 4,557, while the Nasdaq Composite COMP, -1.21% declined 0.6% and the Dow Jones Industrial Average DJIA, +0.44% was up 0.3%. Tesla Inc.

late Wednesday reported second-quarter earnings and sales that topped Wall Street’s expectations, but the stock went 4.7% lower on Thursday morning as results didn’t quite match expectations of a blowout quarter. Netflix Inc. slumped 6.4% after the streaming giant easily topped subscriber expectations but brought in less revenue than analysts were expecting and delivered a light top-line outlook for the current period. In U.S. economic data, the number of Americans who applied for unemployment benefits last week fell to a two-month low of 228,000, reaffirming that the U.S. jobs market is quite strong.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S\u0026P 500 Forex Signal: Hovers at Top of Range Amid EarningsDuring Wednesday's trading session, the S&P 500 exhibited limited movement as market participants awaited major earnings calls from a range of prominent companies- Forex Forecast
Source: Daily_Forex - 🏆 567. / 51 Read more »