CNBC Daily Open: Nasdaq hits high even as poor earnings growth disappoints investors

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the rate of profit growth has not met expectations.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscriberegained all its losses for the yearin its recent funding round. The funds would go toward expanding Waymo Driver, its robotaxi service, in current and new locations. With this round, Waymo has raised more than $11 billion in total capital..

Earnings season has been a mixed bag so far. Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the As those companies were mostly from sectors outside tech, their losses dragged down the S&P and the Dow, especially, since a good proportion were constituents of the 30-stock index. In fact, around 90% of Dow members ended the week in the red.surpassed Wall Street's estimates of its earnings and revenue, but its shares still fell.

With five of the Magnificent Seven companies reporting earnings and crucial economic data coming out this week, investors will hope all the numbers line up for a payout – if not of the jackpot magnitude, then at least one that jolts the S&P and Dow back into the green again.This Texas city has the lowest cost of living in the U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CNBC Daily Open: Stocks’ choppiness in October can be an opportunityThe see-saw motion of stocks in October isn’t all that bad if investors can seize the right time to enter the market or solidify their positions further.
Source: CNBC - 🏆 12. / 72 Read more »

CNBC Daily Open: In this time of uncertainty, logic is driving market movesThe fact that we can draw a line, however fuzzy, connecting cause to effect suggests investors are scrutinizing earnings and news in a period of uncertainty.
Source: NBCDFW - 🏆 288. / 63 Read more »

CNBC Daily Open: High interest rate worries pressure stocksExperts and markets think both the U.S. economy and interest rates will remain warm — if not hot — to the touch.
Source: NBCDFW - 🏆 288. / 63 Read more »