CNBC Daily Open: For Big Tech, beating earnings expectations is not enough
Publishing timestamp: 2024-10-31 21:13:19
Summary
U.S. personal consumption expenditures index increased in line with expectations, Big Tech shares dragged down markets, Apple and Amazon beat estimates, Boeing reaches new contract offer with union, lowest cash level in mutual funds, Big Tech companies are facing pressure to meet high expectations for growth and earnings.
Sentiment: MIXED
Tickers: UBSG-CH, .DJI, .SPX, MSFT, .STOXX, PJC, META, .IXIC, UBS, GOOGL, AMZN, AAPL, BA,
Keywords: united states, amazon.com inc, dow jones industrial average, markets, microsoft corp, boeing co, apple inc, s&p 500 index, inflation, business news, alphabet inc, meta platforms inc, technology, nasdaq composite, piper jaffray companies, stoxx 600, ubs group ag, world markets,