Stocks struggle after Meta moodswings, tepid US GDP

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 47 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 123%
  • Publisher: 78%

Kitco News Новости

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

LONDON, April 25 - Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech sector, while FX markets watched Japan's yen sink through 155 per dollar for the first time since 1990.

In an earnings-packed week, tech bellwethers are in the spotlight, with Alphabet , opens new tab, Microsoft , opens new tab and Intel , opens new tab also due to report after Thursday's closing bell. GDP increased at a 1.6% annualized rate, the Commerce Department's Bureau of Economic Analysis said, largely supported by consumer spending. Economists polled by Reuters had forecast a brisker 2.4%.

The shifting expectations of U.S. rates have lifted Treasury yields and the dollar, casting a shadow on the currency market. Against a basket of currencies, the dollar , opens new tab ticked fractionally higher to 105.89 after the GDP data. "Tokyo has still not intervened, and I reiterate that it does look like there will be no intervention so long as USD/JPY's climb continues in a relatively non-volatile fashion," said RBC Capital Markets' head of Asian FX strategy, Alvin Tan.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 13. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock market today: US stocks tumble after Meta's reality check, soft GDP printMeta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update showing the US economy grew slower than expected in the first...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: US futures tumble after Meta's reality check, soft GDP printMeta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update waiting in the wings.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: US futures tumble after Meta's reality check, with GDP on deckMeta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update waiting in the wings.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stocks open lower on US GDP print, tech earningsThe major stock market averages (^DJI, ^IXIC, ^GSPC) are opening Thursday lower on the first-quarter GDP print and Big Tech stocks earnings results. The...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Asia Stocks Set to Fall as Meta Drags on Big Tech: Markets WrapAsian equity markets were poised to open lower after Meta Platforms Inc.’s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has run too far.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

Asia Stocks Set to Fall as Meta Drags on Big Tech: Markets Wrap(Bloomberg) -- Asian equity markets were poised to open lower after Meta Platforms Inc.’s disappointing outlook raised concern on whether the industry that...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »