HomeAbout

TL;DR CNBC


CNBC Daily Open: Tech earnings not good enough for Wall Street - TL;DR CNBC

CNBC Daily Open: Tech earnings not good enough for Wall Street

Publishing timestamp: 2024-01-30 20:20:56


Summary

The article discusses the mixed performance of U.S. stocks on Wall Street, with the S&P 500 closing near flatline, the Dow Jones Industrial Average closing higher, and the Nasdaq Composite retreating. It mentions that Alphabet posted strong revenue growth but missed analysts' estimates for ad revenue, causing shares to plunge. Microsoft exceeded estimates, particularly in Azure cloud growth, but its outlook was seen as light. The article also mentions a Delaware judge voiding Elon Musk's pay package at Tesla and Oppenheimer's statement that investors should overcome their fear of bank stocks. The article concludes by mentioning that the Federal Reserve's interest rate decision is also on investors' minds.


Sentiment: MIXED

Tickers: WWECTRNBAAPX-AUMETACMEGOOGLALKLMTMSFTNFLXNDAQ.SPXIRBTAAPLTSLA.DJI.IXICMMMDHIVZ

Keywords: world wrestling entertainment incapple incunited statesnasdaq incbusiness newschristine lagardeverizon communications incpricesiraqdr horton incciti trends incnetflix incirantesla incalphabet incboeing comarketsearningschinaeconomic eventsdow jones industrial averages&p 500 indexiphonetaiwansaudi arabialockheed martin corpnasdaq composite3m coworld marketsmicrosoft corpalaska air group incjanet yellenelon muskbeijingnikki haleyindiadonald trumpmeta platforms incappen ltdcme group incjoe bidenirobot corp

Source: https://www.cnbc.com/2024/01/31/cnbc-daily-open-tech-earnings-not-good-enough-for-wall-street-.html


Developed by Leo Phan