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: WWE, CTRN, BA, APX-AU, META, CME, GOOGL, ALK, LMT, MSFT, NFLX, NDAQ, .SPX, IRBT, AAPL, TSLA, .DJI, .IXIC, MMM, DHI, VZ,
Keywords: world wrestling entertainment inc, apple inc, united states, nasdaq inc, business news, christine lagarde, verizon communications inc, prices, iraq, dr horton inc, citi trends inc, netflix inc, iran, tesla inc, alphabet inc, boeing co, markets, earnings, china, economic events, dow jones industrial average, s&p 500 index, iphone, taiwan, saudi arabia, lockheed martin corp, nasdaq composite, 3m co, world markets, microsoft corp, alaska air group inc, janet yellen, elon musk, beijing, nikki haley, india, donald trump, meta platforms inc, appen ltd, cme group inc, joe biden, irobot corp,
Source: https://www.cnbc.com/2024/01/31/cnbc-daily-open-tech-earnings-not-good-enough-for-wall-street-.html