Big Tech Earnings Uncertainty
Mixed earnings reports from mega-cap technology firms indicate uncertainty in the tech sector.
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
"Stocks swayed in morning trading on Wall Street Thursday as a wide variety of companies reported their latest financial results. Companies from a mix of sectors reported their latest financial results, adding to an already busy round of corporate earnings reports."
"“The outlook for big tech stocks depends purely on earnings.”"
"The S&P 500 and the Nasdaq Composite inched higher on Monday ahead of a busy week for Big Tech earnings."
"Analysts expect year-over-year earnings from S&P 500 companies to decline 2.4% for the quarter, according to Refinitiv data, compared with a 1.6% decline at the start of the year."
"But the stock market’s reaction wasn’t uniform."
"The S&P 500 and Nasdaq opened slightly lower on Thursday as mixed earnings reports and economic data kept investors on the edge..."
"Earnings from mega-cap technology-related firms were mixed."