reported earnings results that mostly missed analyst estimates. They also offered mixed guidance. Alphabet and Amazon fell in Friday trades, while Apple gained about 3%. , more than double the estimate of 188,000. The unemployment rate fell to 3.4%, representing the lowest level in 54 years.
About half of S&P 500 companies have reported fourth-quarter earnings. Of those companies, 70% are beating profit estimates by a median of 6%. Meanwhile, 62% of those companies are beating revenue estimates by a median of 4%, according to Fundstrat.
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:
'Lucky us! Nothing like a little stock market roller coaster to get the adrenaline going!'
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Dow Slips 150 Points Post-Fed; Meta Stock SurgesThe Nasdaq is up 3% midday as tech shares lead a post-Fed rally. Earnings results from Apple, Alphabet and Amazon are due after the bell.
Source: WSJ - 🏆 98. / 63 Read more »
Stock market news today: Blockbuster jobs report suggests hawkish FedUS stocks fall after blockbuster January jobs report suggests more hawkish Fed moves ahead This mfer said “fall” 🤡
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks rise after Fed acknowledges 'disinflationary process has started'Stocks swung to gains on Wall Street following the latest hike to interest rates by the Federal Reserve, which said it's finally seeing improvements in inflation.
Source: CBSNews - 🏆 87. / 68 Read more »
The Fed raises interest rates: Here's what that means for the stock marketU.S. stocks and bonds rallied on Wednesday, much to the chagrin of traders who had ramped up bearish bets on the expectation that Federal Reserve Chairman...
Source: MarketWatch - 🏆 3. / 97 Read more »
Asian Stock Market: Gains seem restrictive despite Fed’s smaller rate hike and subdued oil priceMarkets in the Asian domain are moderately positive on Thursday as the Federal Reserve (Fed) announced a smaller interest rate hike to keep its moneta
Source: FXStreetNews - 🏆 14. / 72 Read more »
Global stocks rise after Fed sees inflation improvingGlobal stock markets and Wall Street futures rose Thursday after the Federal Reserve said the U.S. economy is moving toward lower inflation but more interest rate hikes are planned. Haha! Right!
Source: wjxt4 - 🏆 246. / 63 Read more »