Wall Street Soars At Close As Big Tech Earnings Week Wraps Up
Federal reserve dashed hopes for early interest rate cuts, with focus moving to big. Microsoft and meta beat quarterly revenue estimates amd falls, weighing on chip stocks alphabet jumps on earnings beat indexes down: Dow 0. 22%, s&p 0. 33%, nasdaq. Big tech earnings start today, with roughly $12 trillion in market cap reporting over three days. Here's what to look out for:
Disappointing quarterly results from big technology companies pushed stock indexes lower thursday, sending the s&p 500 to its first monthly loss since april. The s&p 500 fell. Over this summer, some of the magnificent 7 stocks got a little bit less magnificent, as the federal reserve cut interest rates and wall street zeroed in on the monumental costs. Stocks closed broadly higher monday on wall street, clawing back some of the losses from their worst week since april. The standard & poor’s 500 rose 1. 1%, breaking a.