Earnings Derail Stock Rally Over Doubts on AI, Consumer Strength

-- The latest earnings reports are fanning two worries that were already gnawing away at the US stock market: That the euphoria about artificial intelligence had run too far and that — at some point — consumers spending will start to stall.JD Vance’s ‘Cat Ladies’ Insult Sparks Criticism of Trump’s VP PickFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds Up

The sentiment is a shift from what held sway during much of this year, when optimism about soft landing in the economy and investor obsession with all things artificial intelligence pushed the S&P 500 into 38 records. But the scale of the market’s run up this year has left some investors wary, particularly when it comes to the big technology companies. With Alphabet, Microsoft, Meta and Amazon.com Inc. all investing heavily in the promise of artificial intelligence technology, investors are increasingly questioning how much it will pay off.

Whirlpool lowered its full-year earnings forecast, as consumers continued to shy away from big-ticket appliance purchases amid a weakening housing market. Shares of a frozen potato supplier Lamb Weston Holdings Inc. sank by the most on record on Wednesday as earnings and guidance missed analysts’ expectations.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

AbbVie stock gets lift after beating Q2 earnings estimatesPharmaceutical giant AbbVie (ABBV) is getting a stock boost after the company's second quarter results topped Wall Street estimates. Yahoo Finance senior...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: Wall Street slightly lower as airlines post earnings ahead of latest GDP reportWall Street leaned toward losses before the opening bell Thursday as more earnings poured in while investors waited for the latest data on how the U.S...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Honeywell stock falls after slashing earnings guidanceShares of Honeywell (HON) are falling despite posting better-than-expected second quarter results. The company raised its full-year sales sales outlook, but ...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

RTX stock blasts off after topping Q2 earnings forecastShares of RTX (RTX), formerly Raytheon Technologies, are rising after the aerospace and defense contractor posted better-than-expected second quarter...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Waste Management stock falls after disappointing earningsWaste Management (WM) shares are sliding after the company missed its second quarter earnings estimates. Market Domination Hosts Julie Hyman and Josh Lipton ...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Spooked U.S. stock market faces tech earnings minefield, Fed meetingRattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve policy meeting and closely watched employment data in ...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »