Dow drops 200 points, Nasdaq sheds 1% after Microsoft's dismal guidance

Some corporate commentarySome corporate commentary

US stock futures slide ahead of the open on corporate caution | Forexlive

www.investors.com

Last Updated 4:10 PM EST Stock indices finished today’s trading session in the green. The Dow Jones Industrial Average (DJIA), the SP 500 (SPX), and the Nasdaq...Last Updated 4:10 PM EST Stock indices finished today’s trading session in the green. The Dow Jones Industrial Average (DJIA), the SP 500 (SPX), and the Nasdaq...

www.tipranks.com

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Subscribe to read | Financial Times

twitter.com

Bloomberg - Are you a robot?

MARKET WRAPS Watch For: Weekly Petroleum Status Report; Bank of Canada Rate Decision; Earnings from AT&T; Boeing; IBM; Tesla; Levi Strauss; CSX Today's Top Headlines/Must Reads: ...MARKET WRAPS Watch For: Weekly Petroleum Status Report; Bank of Canada Rate Decision; Earnings from AT&T; Boeing; IBM; Tesla; Levi Strauss; CSX Today's Top Headlines/Must Reads: ...

North American Morning Briefing: Microsoft Warning Dents Mood

By Nivedita Balu and Tiyashi DattaBy Nivedita Balu and Tiyashi Datta

Microsoft's dour outlook raises red flags for tech sector | Euronews

Wall Street is weakening on worries about corporate profits following a mixed set of earnings reports and forecasts from Microsoft and others

Wall Street weakens on worries about corporate profits – WSB-TV Channel 2 - Atlanta

Just a moment...

herald-review.com

Shares of Goldman Sachs Group Inc. dropped 0.23% to $348.33 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the...Shares of Goldman Sachs Group Inc. dropped 0.23% to $348.33 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the...

Goldman Sachs Group Inc. stock falls Tuesday, underperforms market - MarketWatch

By Geoffrey SmithBy Geoffrey Smith

Microsoft's long shadow, Tesla earnings, Adani allegations - What's moving markets

www.streetinsider.com

US tech sell-off acts as drag after Microsoft guidance warningUS tech sell-off acts as drag after Microsoft guidance warning

US tech sell-off acts as drag after Microsoft guidance warning | CMC Markets

All three major stock indexes extended Friday's gains, with the tech-heavy Nasdaq leading the pack, boosted by semiconductor shares (.SOX).All three major stock indexes extended Friday's gains, with the tech-heavy Nasdaq leading the pack, boosted by semiconductor shares (.SOX).

Wall Street extends rally, powered by tech bounce

Precious metals reverse course to turn green, oil prices extend losses - Anadolu AgencyPrecious metals reverse course to turn green, oil prices extend losses - Anadolu Agency

Dow Jones closes with gains while S&P, Nasdaq finish lower

TOKYO (AP) — Asian shares were mixed Wednesday after Wall Street indexes finished little changed as investors awaited earnings results from major global companies. Shares rose in Tokyo and Seoul, but fell in Sydney. TOKYO (AP) — Asian shares were mixed Wednesday after Wall Street indexes finished little changed as investors awaited earnings results from major global companies. Shares rose in Tokyo and Seoul, but fell in Sydney.

apnews.com

Stock markets headed higher Monday as investors eyed less aggressive US interest rate hikes this year, with inflation starting to retreat from decades-high peaks.Stock markets headed higher Monday as investors eyed less aggressive US interest rate hikes this year, with inflation starting to retreat from decades-high peaks.

Stock markets rise on improving US rates outlook

www.nasdaq.com

U.S. stocks are trading sideways as the Fed blackout kicks off and earnings roll in for some of the biggest companiesU.S. stocks are trading sideways as the Fed blackout kicks off and earnings roll in for some of the biggest companies

U.S. Stocks Trade Sideways As Fed Mouthpiece Hints At Interest Rate Slowdown | OilPrice.com

Risk appetite wanes during Wednesday’s sluggish Asian session as traders try to gauge the recent activity data ahead of the next week's all-important Risk appetite wanes during Wednesday’s sluggish Asian session as traders try to gauge the recent activity data ahead of the next week's all-important

S&P 500 Futures trace Wall Street’s clues, US Treasury yields stay pressured amid lackluster markets

(Bloomberg) -- Wall Street got a reality check after Microsoft Corp.’s dour sales warning dragged down the stock-market on concern that even a stalwart of the tech industry will be impacted by an economic recession. The worrisome prediction from the software giant soured the mood toward a sector that’s seen a powerful rally amid cost-cutting measures and a bets the Federal Reserve will moderate its pace of rate hikes. A tepid forecast from Texas Instruments Inc. also weighed on sentiment, with the tech-heavy Nasdaq 100 underperforming other major benchmarks. After the closing bell, two other bellwethers — Tesla Inc. and International Business Machines Corp. will report their numbers. Fourth-quarter earnings for tech firms in the S&P 500 are projected to have dropped 9.2% from the same period a year earlier, the steepest slide since 2016, data compiled by Bloomberg Intelligence show. Three months ago, Wall Street saw profits coming in flat. “If earnings reports continue to be disappointing, it’s going to be very hard to argue that the market can rally further because the negative news has already been priced in, given that the stock market has rallied quite nicely so far this month,” said Matt Maley, chief market strategist at Miller Tabak. The recent rebound in equities came at a time when the economy is heading for a downturn — which could set the stage for a selloff, JPMorgan Chase & Co.’s Marko Kolanovic told CNBC. One of Wall Street’s biggest optimists through most of the market selloff last year, Kolanovic has since reversed his view, cutting his equity allocation in mid-December due to a soft economic outlook. Investors should use any rallies to reduce exposure to the equity market, according to Richard Saperstein at Treasury Partners. Slower economic growth caused by the Fed’s tightening and its impact on corporate earnings will likely be priced into stocks over the next several months, he added. “We have not been impressed with the quality of earnings in recent weeks. Looking forward, margins remain at risk as inflation softens and economic growth slows,” Saperstein noted. The Fed’s preferred inflation gauges probably cooled in December to the slowest pace in over a year, reinforcing a step down in the pace of rate hikes, but likely not enough for officials to discuss a pause. Economists project a 5% annual increase in the personal consumption expenditures index Friday. A day before, they will be watching the government’s initial estimate of fourth-quarter gross domestic product. In other corporate news, Boeing Co. reported a surprise loss to end 2022 — its sixth straight money-losing quarter — as higher costs slowed the planemaker’s recovery even though a late flurry of jet deliveries drove a surge in cash. AT&T Inc.’s profit and free cash flow forecast for 2023 missed analyst estimates as the wireless carrier invests in network improvements. The New York Stock Exchange said a manual error caused wild price swings and trading halts for hundreds of company stocks when the market opened on Tuesday. The root cause of the issue, which the exchange operator says has been resolved, was tied to the company’s so-called “disaster recovery configuration” at the start of the day. Over 1,300 trades and some 84 stocks were impacted and marked as “aberrant,” NYSE said in an updated statement on its website. Elsewhere, the loonie fell as the Bank of Canada raised rates for an eighth consecutive and potentially final time — saying it expects to move to the sidelines and weigh the impact of its rapid tightening. Read: Debt Ceiling Anxiety Tracker: What to Watch as Crunch Time Nears Traders also kept an eye on the latest geopolitical developments. The US will send Ukraine 31 of its M1 Abrams battle tanks, adding to a German commitment to supply some of its top-line armor and infusing the country with a major new capability as it looks to pry Russian forces from the east. Key events: Earnings for the week include: American Airlines, Blackstone, Comcast, Diageo, Intel, LVMH Moet Hennessy Louis Vuitton, Mastercard, SAP, Southwest Airlines, Visa (Thursday); American Express, Charter Communications, Chevron, HCA Healthcare (Friday) US fourth-quarter GDP, new home sales, initial jobless claims, Thursday US personal income/spending, PCE deflator, University of Michigan consumer sentiment, pending home sales, Friday Some of the main moves in markets: Stocks The S&P 500 fell 0.9% as of 12:23 p.m. New York time The Nasdaq 100 fell 1.4% The Dow Jones Industrial Average fell 0.7% The MSCI World index fell 0.5% Currencies The Bloomberg Dollar Spot Index fell 0.1% The euro was little changed at $1.0897 The British pound rose 0.3% to $1.2375 The Japanese yen rose 0.4% to 129.63 per dollar Cryptocurrencies Bitcoin fell 1.5% to $22,566.4 Ether fell 3.2% to $1,547.73 Bonds The yield on 10-year Treasuries advanced one basis point to 3.46% Germany’s 10-year yield was little changed at 2.16% Britain’s 10-year yield declined three basis points to 3.24% Commodities West Texas Intermediate crude rose 0.6% to $80.62 a barrel Gold futures rose 0.2% to $1,955.70 an ounce This story was produced with the assistance of Bloomberg Automation. --With assistance from Peyton Forte and John McCorry. (Tech Drives Stock Losses After Microsoft’s Warning: Markets Wrap) ©2023 Bloomberg L.P.(Bloomberg) -- Wall Street got a reality check after Microsoft Corp.’s dour sales warning dragged down the stock-market on concern that even a stalwart of the tech industry will be impacted by an economic recession. The worrisome prediction from the software giant soured the mood toward a sector that’s seen a powerful rally amid cost-cutting measures and a bets the Federal Reserve will moderate its pace of rate hikes. A tepid forecast from Texas Instruments Inc. also weighed on sentiment, with the tech-heavy Nasdaq 100 underperforming other major benchmarks. After the closing bell, two other bellwethers — Tesla Inc. and International Business Machines Corp. will report their numbers. Fourth-quarter earnings for tech firms in the S&P 500 are projected to have dropped 9.2% from the same period a year earlier, the steepest slide since 2016, data compiled by Bloomberg Intelligence show. Three months ago, Wall Street saw profits coming in flat. “If earnings reports continue to be disappointing, it’s going to be very hard to argue that the market can rally further because the negative news has already been priced in, given that the stock market has rallied quite nicely so far this month,” said Matt Maley, chief market strategist at Miller Tabak. The recent rebound in equities came at a time when the economy is heading for a downturn — which could set the stage for a selloff, JPMorgan Chase & Co.’s Marko Kolanovic told CNBC. One of Wall Street’s biggest optimists through most of the market selloff last year, Kolanovic has since reversed his view, cutting his equity allocation in mid-December due to a soft economic outlook. Investors should use any rallies to reduce exposure to the equity market, according to Richard Saperstein at Treasury Partners. Slower economic growth caused by the Fed’s tightening and its impact on corporate earnings will likely be priced into stocks over the next several months, he added. “We have not been impressed with the quality of earnings in recent weeks. Looking forward, margins remain at risk as inflation softens and economic growth slows,” Saperstein noted. The Fed’s preferred inflation gauges probably cooled in December to the slowest pace in over a year, reinforcing a step down in the pace of rate hikes, but likely not enough for officials to discuss a pause. Economists project a 5% annual increase in the personal consumption expenditures index Friday. A day before, they will be watching the government’s initial estimate of fourth-quarter gross domestic product. In other corporate news, Boeing Co. reported a surprise loss to end 2022 — its sixth straight money-losing quarter — as higher costs slowed the planemaker’s recovery even though a late flurry of jet deliveries drove a surge in cash. AT&T Inc.’s profit and free cash flow forecast for 2023 missed analyst estimates as the wireless carrier invests in network improvements. The New York Stock Exchange said a manual error caused wild price swings and trading halts for hundreds of company stocks when the market opened on Tuesday. The root cause of the issue, which the exchange operator says has been resolved, was tied to the company’s so-called “disaster recovery configuration” at the start of the day. Over 1,300 trades and some 84 stocks were impacted and marked as “aberrant,” NYSE said in an updated statement on its website. Elsewhere, the loonie fell as the Bank of Canada raised rates for an eighth consecutive and potentially final time — saying it expects to move to the sidelines and weigh the impact of its rapid tightening. Read: Debt Ceiling Anxiety Tracker: What to Watch as Crunch Time Nears Traders also kept an eye on the latest geopolitical developments. The US will send Ukraine 31 of its M1 Abrams battle tanks, adding to a German commitment to supply some of its top-line armor and infusing the country with a major new capability as it looks to pry Russian forces from the east. Key events: Earnings for the week include: American Airlines, Blackstone, Comcast, Diageo, Intel, LVMH Moet Hennessy Louis Vuitton, Mastercard, SAP, Southwest Airlines, Visa (Thursday); American Express, Charter Communications, Chevron, HCA Healthcare (Friday) US fourth-quarter GDP, new home sales, initial jobless claims, Thursday US personal income/spending, PCE deflator, University of Michigan consumer sentiment, pending home sales, Friday Some of the main moves in markets: Stocks The S&P 500 fell 0.9% as of 12:23 p.m. New York time The Nasdaq 100 fell 1.4% The Dow Jones Industrial Average fell 0.7% The MSCI World index fell 0.5% Currencies The Bloomberg Dollar Spot Index fell 0.1% The euro was little changed at $1.0897 The British pound rose 0.3% to $1.2375 The Japanese yen rose 0.4% to 129.63 per dollar Cryptocurrencies Bitcoin fell 1.5% to $22,566.4 Ether fell 3.2% to $1,547.73 Bonds The yield on 10-year Treasuries advanced one basis point to 3.46% Germany’s 10-year yield was little changed at 2.16% Britain’s 10-year yield declined three basis points to 3.24% Commodities West Texas Intermediate crude rose 0.6% to $80.62 a barrel Gold futures rose 0.2% to $1,955.70 an ounce This story was produced with the assistance of Bloomberg Automation. --With assistance from Peyton Forte and John McCorry. (Tech Drives Stock Losses After Microsoft’s Warning: Markets Wrap) ©2023 Bloomberg L.P.

www.swissinfo.ch

Tuesday got off to a rocky start and wound up with a mixed close that chilled traders in Wednesday's premarket session.

Before the Bell: NYSE Fumbles, Microsoft Stumbles, Will Tesla Bumble? – 24/7 Wall St.

Tuesday got off to a rocky start and wound up with a mixed close that chilled traders in Wednesday's premarket session.

Before the Bell: NYSE Fumbles, Microsoft Stumbles, Will Tesla Bumble? – 24/7 Wall St.

Not Found

403 Forbidden

Microsoft (MSFT), AT&T (T), Capital One (COF), Texas Instruments (TXN), Tesla (TSLA) and IBM (IBM) are among the stocks to watch on Wednesday.Microsoft (MSFT), AT&T (T), Capital One (COF), Texas Instruments (TXN), Tesla (TSLA) and IBM (IBM) are among the stocks to watch on Wednesday.

seekingalpha.com

www.henryherald.com

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -1.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.91%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.32%. U.S. stock index futures this morning ares sharply lower...What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -1.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.91%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.32%. U.S. stock index futures this morning ares sharply lower...

Stocks Slump as Microsoft’s Sales Warning Hammers Tech Stocks

US futures Dow futures -0.62% at 33513 S&P futures -0.76% at 3985 Nasdaq futures -1.27% at 11695 In Europe FTSE -0.37% at 7747 Dax -0.47% at 15029 Microsoft disappoints; Tesla is up next US stocks are set to open lower, with the tech-heavy Nasdaq leading the charge lower after Microsoft earnings disappoint. The Nasdaq futures […]

Stocks Falls as Earnings Roll in & MSFT Disappoints - Action Forex

nypost.com

Investors are also awaiting January manufacturing and fourth-quarter GDP data to assess the impact of the Fed's rate hikes on the economy.

Dow jumps 300 points as battered tech sector rebounds

International, MNA | Wall Street stocks advanced Monday at the start of a week heavy on corporate earnings reports, with investors also watching for the first reading on fourth-quarter US growth.International, MNA | Wall Street stocks advanced Monday at the start of a week heavy on corporate earnings reports, with investors also watching for the first reading on fourth-quarter US growth.

US stocks rise to open heavy earnings week | Macau Business

Wall Street saw some buyer fatigue after a solid equity rally, with investors scouring a batch of earnings for clues on the outlook for Corporate America amid mounting fears about a recession.

U.S. stock rally throttled as earnings season picks up - BNN Bloomberg

Wall Street is weakening on worries about corporate profits following a mixed set of earnings reports and forecasts from Microsoft and others

Wall Street weakens on worries about corporate profits – 104.5 WOKV

The latest Tweet by Reuters states, 'The Nasdaq and the S&P 500 were in negative territory, while the Dow ended modestly higher at the close of a rocky session marked by a raft of mixed earnings and a technical malfunction at the opening bell ...' 🌎 The Nasdaq and the S&P 500 Were in Negative Territory, While the Dow Ended Modestly ... - Latest Tweet by Reuters.The latest Tweet by Reuters states, 'The Nasdaq and the S&P 500 were in negative territory, while the Dow ended modestly higher at the close of a rocky session marked by a raft of mixed earnings and a technical malfunction at the opening bell ...' 🌎 The Nasdaq and the S&P 500 Were in Negative Territory, While the Dow Ended Modestly ... - Latest Tweet by Reuters.

The Nasdaq and the S&P 500 Were in Negative Territory, While the Dow Ended Modestly ... - Latest Tweet by Reuters | 🌎 LatestLY

Just a moment...

Stocks lose ground on Wall Street over earnings data Stocks fell in morning trading on Wall Street Tuesday as more big companies deliver theiStocks lose ground on Wall Street over earnings data Stocks fell in morning trading on Wall Street Tuesday as more big companies deliver thei

Stocks lose ground on Wall Street over earnings data - NewsLooks

Stocks lost ground in premarket trading as investors considered Microsoft’s less-than-rosy cloud forecast and a surprise loss from Boeing. Having two mammoth companies report such weakness isn’t great news for an already-struggling earnings season. Stocks lost ground in premarket trading as investors considered Microsoft’s less-than-rosy cloud forecast and a surprise loss from Boeing. Having two mammoth companies report such weakness isn’t great news for an already-struggling earnings season.

Clouds Gather: Stocks Sag After Microsoft Takes a Hit... - Ticker Tape

statesville.com

404 Not Found

Wall Street's main indexes opened lower on Wednesday as downbeat quarterly updates from Microsoft and Boeing added to ...Wall Street's main indexes opened lower on Wednesday as downbeat quarterly updates from Microsoft and Boeing added to ...

Wall Street Opens Lower as Weak Earnings Updates Dent Sentiment

US shares started Tuesday’s session with decreases as indices declined from their peakiest level in a month.

The Dow Jones declined 164

whbl.com