CNBC Daily Open: Treading water before the tech wave
Publishing timestamp: 2023-04-24 19:39:25
Summary
This earnings season is revealing which companies can withstand economic challenges and which ones are at risk. First Republic Bank's deposits fell more than expected, causing shares to drop. Bed Bath and Beyond filed for bankruptcy after struggling for years. LVMH saw a 17% rise in sales, while Samsung warned of its lowest profit in over a decade. Coca-Cola beat estimates with a 5% rise in net sales. Investors are waiting for earnings reports from big tech companies like Alphabet, Microsoft, Meta, and Amazon before making moves.
Sentiment: MIXED
Tickers: FRC, BBBY, CCH-GB, MC-FR,
Keywords: coca cola hbc ag, business news, lvmh moet hennessy louis vuitton se, samsung electronics co ltd, bed bath & beyond inc, first republic bank, technology, economic events, markets, united states, world markets, earnings,
Source: https://www.cnbc.com/2023/04/25/stock-markets-treading-water-before-the-tech-wave.html