More drops for Big Tech stocks dragged on Wall Street on Tuesday, overshadowing gains for much of the U.S. stock market. The Standard & Poor's 500 slipped 0.5%, even though 2 out of 3 stocks within the index rose. The Dow Jones industrial average rose 203 points, or 0.5%, and the Nasdaq composite sank 1.3%. PayPal rose 8.6% and helped lead the market’s gainers after it topped analysts’ expectations for profit during the spring. It also raised its forecast for profit for the full year.
“In our view, the recent rally is likely unsustainable as the fundamental support is lacking,” said Austin Pickle, investment strategy analyst at Wells Fargo Investment Institute, who said that more than 40% of small-cap companies aren’t making any profits, among other challenges. Also weighing on Wall Street was Merck, which fell 9.8% despite reporting stronger results for the last quarter than expected.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreatsGlobal shares have dropped, with Tokyo’s benchmark losing more than 1,300 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive.
แหล่ง: ksatnews - 🏆 442. / 53 อ่านเพิ่มเติม »
Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreatsGlobal shares have dropped, with Tokyo’s benchmark losing more than 1,300 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive. Chinese shares fell as investors questioned a central bank decision to cut another key interest rate after several similar moves earlier this week. U.S.
แหล่ง: AP - 🏆 728. / 51 อ่านเพิ่มเติม »
Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreatsGlobal shares have dropped, with Tokyo’s benchmark losing more than 1,300 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive.
แหล่ง: wjxt4 - 🏆 246. / 63 อ่านเพิ่มเติม »
Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyMore than 22,000 Met-Ed customers in York County reportedly went without power at some point.
แหล่ง: fox43 - 🏆 564. / 51 อ่านเพิ่มเติม »
Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyThe lawsuit is asking for a judgment mandating the Board to issue one-year contracts to these 28 substitutes and pay any wages that have been lost.
แหล่ง: 10TV - 🏆 560. / 51 อ่านเพิ่มเติม »
Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyThe Texas House General Investigating Committee met for the first time in a year. The same group kickstarted Ken Paxton's impeachment proceedings last year.
แหล่ง: KVUE - 🏆 244. / 63 อ่านเพิ่มเติม »