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Tech stocks show weak results on Wall Street as trading day ends mixed

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Google's parent company slumped after its ad sales slowed dramatically. Microsoft also fell. Long-term Treasury yields continued to pull back from their multiyear highs.

Stock ended mixed on Wall Street as investors weighed the latest batch of earnings reports, including weak results from several heavyweight technology companies.

Internet retail giant Amazon also reports its results on Thursday along with industrial bellwether Caterpillar and McDonald's. The yield on the 10-year Treasury fell to 4.02% from 4.10% late Tuesday. The two-year yield fell to 4.43% from 4.48%. The government will release its first estimate on third-quarter gross domestic product on Thursday. The U.S. economy is already slowing down and actually contracted during the first half the year. On Friday the government will also release more data on personal income, consumption and spending.

 

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Source: WSJ - 🏆 98. / 63 Read more »