Wall Street ends lower on mixed earnings, robust data

Teddy Fusaro, president of Bitwise Asset Management, rings the opening bell at the New York Stock Exchange on Thursday. – ReuterspicUS stocks tumbled on Thursday , dragged by tech and tech-adjacent megacap shares as investors digested mixed quarterly earnings and signs of economic resiliency that could encourage the Federal Reserve to keep interest rates at a restrictive level longer than expected.

At last glance, roughly four in five companies were beating earnings estimates. Analysts' most recent estimates call for aggregate year-on-year S&P 500 earnings growth of 2.6%, according to LSEG. “Investors were “digesting the economic data through the lens of an aggressive Federal Reserve ... it challenges the notion that the Fed will start lowering rates in 2024,” said Greg Bassuk, CEO at AXS Investments in New York.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Wall Street surges to close higher, powered by upbeat earnings, guidanceNEW YORK, Oct 25 ― Wall Street ended higher yesterday as a spate of solid corporate earnings and upbeat forecasts stoked investor risk appetite and sparked a broad rally. All...
แหล่ง: malaymail - 🏆 1. / 86 อ่านเพิ่มเติม »

Wall Street close higher, powered by upbeat earnings, guidanceNEW YORK: Wall Street ended higher on Tuesday (Oct 24) as a spate of solid corporate earnings and upbeat forecasts stoked investor risk appetite and s...
แหล่ง: theSundaily - 🏆 25. / 51 อ่านเพิ่มเติม »