US EditionStock Market Today, April 29: Mixed Reactions as Big Tech Earnings Beat Expectations
All four megacap companies beat analyst estimates, but investors rewarded Alphabet and Amazon while selling Meta and Microsoft on AI spending concerns.
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4 Articles
Stock Market Today, April 29: Mixed Reactions as Big Tech Earnings Beat Expectations
The S&P 500 (SNPINDEX:^GSPC) slipped 0.04% to 7,135.95, the Nasdaq Composite (NASDAQINDEX:^IXIC) inched up 0.04% to 24,673.24, and the Dow Jones Industrial Average (DJINDICES:^DJI) fell 0.57% to 48,861.81 as traders stayed cautious ahead of the Fed rate decision and megacap tech earnings after the bell.Market moversPayPal gained after announcing a major reorganization and designating Venmo as a standalone business unit. Seagate Technology and Bl…
The first-quarter results of the largest technology companies demonstrate both strength and tension in the sector. Four key companies – Meta Platforms, Alphabet, Microsoft, and Amazon – exceeded analysts' expectations. At the same time, the scale of investment in artificial intelligence is starting to raise clear concerns among investors. The article, "Big Tech Giants Beat Forecasts: AI Boosts Results and Raises Concerns," comes from the website…
QQQ Rises Today as Big Tech Earnings Put the Nasdaq 100 Rally on the Line
The Invesco QQQ Trust closed up $3.99 at $661.57 Wednesday as investors positioned ahead of earnings from Microsoft, Alphabet, Amazon, and Meta. Volume topped 30 million shares. Microsoft and Alphabet reported strong cloud and AI-driven revenue growth after the bell. The broader Nasdaq Composite edged up 0.04%, while the S&P 500 slipped 0.04%. The post QQQ Rises Today as Big Tech Earnings Put the Nasdaq 100 Rally on the Line appeared first on Te…
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