Asia Stocks Set to Fall as Meta Drags on Big Tech: Markets Wrap

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Asian 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.

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Stocks in Asia Set to Follow Wall Street Lower on Rate SpeculationStocks in Asia are expected to decline following Wall Street's lead as speculation grows that major central banks will maintain higher interest rates for a longer period. Economic data and a rally in commodities have contributed to this speculation. The opening of equities in Australia was down, while futures indicated declines in Japan and little change in Hong Kong. Skepticism about the pace of Federal Reserve easing has increased due to better-than-estimated data on US job openings and factory goods orders. This has led traders to project fewer rate cuts in 2024, causing 10-year yields to reach their highest levels since November. The repricing of central-bank bets, which had been ignored by US stocks during a recent rally, has now weighed on the market.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stock market today: Tesla surges after earnings, stocks cling to gains ahead of Meta's reportTesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Tesla, Meta And Other Earnings Will Test Stocks’ Recent SelloffInvestors appear to be favoring value stocks over growth in the latest market downturn, which saw the biggest drop for US equities last week since the Silicon Valley Bank collapse.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Asia Stocks to Rise as Tesla Buoys US Tech Giants: Markets Wrap(Bloomberg) -- Stocks in Asia were set to open higher after a US rally in tech heavyweights, whose high-stakes earnings are being seen by Wall Street...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Asia Stocks to Rise as Tesla Buoys US Tech Giants: Markets WrapStocks in Asia were set to open higher after a US rally in tech heavyweights, whose high-stakes earnings are being seen by Wall Street investors as a major test of the bull run in equities.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Asia Stocks to Track US Rebound on Profit Optimism: Markets Wrap(Bloomberg) -- Asian stocks were poised to follow their Wall Street peers higher after US shares rebounded from a $2 trillion selloff on optimism big tech...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »