Tag Archives: Microsoft

US stock indexes rose in choppy trading on Thursday led by Tesla and other growth stocks, with investor focus on Microsoft’s forecast cut and comments from a Federal Reserve official ahead of a key jobs report due on Friday.The S&P index recorded one new 52-week high and 29 new lows, …

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 …

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 …

Nasdaq 100 futures fell slightly Monday evening after stocks bounced in the afternoon and ahead of Big Tech earnings. Futures tied to the tech focused index fell 0.1%. Dow Jones Industrial Average futures and S&P 500 futures were little changed.In regular trading Monday, the Nasdaq Composite jumped 1.3%. The Dow …

PepsiCo, the soft drinks and snacks giant, reported fourth-quarter adjusted earnings of $1.53 a share on revenue of $25.3 billion, both higher than analysts’ estimates, and the company’s forecast for 2022 organic revenue growth also topped forecasts. The stock, however, was down 2.5% to $167.66 on Thursday.Rival Coca-Cola’s earnings also …

Wall Street jumped on Wednesday, closing sharply higher as megacap growth stocks powered up thanks to a pause in rising interest rates, and upbeat earnings reports also encouraged investors to buy.The benchmark 10-year US Treasury yield slipped from multi-year highs hit in the previous session, helping steady sentiment across global …

Today, Microsoft announced its results for the second quarter of its fiscal year, which came in better than expected. The company achieved earnings per share, which amounted to about $2.48, compared to an expected $2.31, while revenues were recorded at $51.73 billion, compared to an expected $50.88 billion. Revenue increased …

After Monday’s stunning late-session recovery that saw the major US indices post and incredible recovery from intra-day lows, sentiment has taken a turn for the worse again. The S&P 500, which recovered a more than 4.0% dip to as lows as the 4220s on Monday to close above 4400, is …

US equity markets continued to sell off on Friday, as downbeat earnings from tech giant Netflix weighed on sentiment and its competitors. NFLX shares dropped over 20% on Friday after the company on Thursday issued significantly worse than expected guidance for subscriber growth in Q1 2022. That weighed on other …

Wall Street’s main indexes are strongly leaping on Tuesday, with the Nasdaq surging 3% as investors piled onto beaten-down quality technology stocks, while Intel jumped after plans to take its self-driving car unit public.The chip giant’s (INTC.O) decision to list Mobileye in the United States in mid-2022 was met overwhelmingly, …