Global Stock Market

Amazon shares dropped as much as 9% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates.Amazon on Thursday gave a revenue forecast that trailed analysts’ estimates. Growth rates are at their slowest since the dot-com bust in 2001. The company recorded a $7.6 …

US equities have enjoyed a strong tech-led rebound on Thursday after stronger than expected Meta Platforms earnings. The S&P 500 was last up nearly 3.0% and above 4,300 and the Nasdaq 100 was last up nearly 4.0%.But the major US indices remain on course to post hefty on-the-month losses and …

The annualized pace of US real GDP growth in Q1 2022 came in at a negative 1.4%, according to data released by the US Bureau of Economic Analysis on Thursday. That was a big miss on expectations that the economy had grown at an annualized pace of 1.4% in Q1 …

Japanese stocks rose on Thursday after the Bank of Japan renewed its commitment to ultra-accommodative monetary policy and investors were relieved that no surprises would negatively affect the stock market. The Nikkei index rose 1.75 percent at the close, recording 26,847.90 points, the largest daily increase since April 13, after …

Wednesday witnessed a sharp reversal of recent yen strength, which lacked a clear trigger. Meanwhile, the US dollar has reclaimed the top spot in the daily G10 performance table, and saw the trade-weighted US Dollar Index (DXY) hit fresh more than five-year highs. The Dollar Index rallied to the north …

Japan’s Nikkei closed at its lowest level in two weeks on Wednesday, tracking Wall Street’s drop overnight, on fears of a global economic slowdown and the impact of the COVID-19 shutdown in China on domestic corporate results. The Nikkei index fell by 1.17 percent to close at 26,386.63 points, its …

Microsoft shares fell 1% in extended trading on Tuesday even though the software maker issued fiscal third-quarter earnings that exceeded analysts’ expectations.Microsoft beat expectations on the top and bottom lines. The company announced plans in the quarter to buy Activision Blizzard for almost $69 billion. Microsoft also beat EPS and …

Alphabet reported weaker-than-expected earnings and revenue for the first quarter on Tuesday. The stock slid more than 5% in extended trading. The company reported $54.66 billion in advertising revenue for the quarter.The results refer to earnings of $24.62 per share, versus $25.91 expected. Revenue reading is $68.01 billion, versus $68.11 …

China lockdowns, Russo-Ukraine war/Russo-Western tensions, growth concerns and expectations for central bank tightening have all been cited as hurting sentiment.Aside from strength in energy stocks amid a rebound in oil prices, US equity markets were a sea of red on Tuesday, with the major indices led lower most notably by …

Japanese shares closed higher on Tuesday, tracking Wall Street gains Monday night, but concerns about the impact of China’s anti-Covid-19 lockdowns on local companies curbed their rally. The Nikkei index rose 0.41 percent to close at 26,700.11 points. The broader Topix index rose 0.11 percent to 1,878.51 points, after falling …