CNBC Daily Open: Big Tech needs to go beyond beating earnings expectations
Publishing timestamp: 2024-11-01 03:30:01
Summary
Big Tech stocks dragged down markets, with Apple and Amazon beating estimates. China's factory output grew, Boeing reached a new contract offer with its workers, and a wealth manager shared stock picks for the super-rich. Despite beating expectations, Big Tech companies like Microsoft, Meta, and Alphabet saw their shares drop, leading to overall market declines. Analysts remain optimistic about the growth potential of Big Tech stocks, but there is pressure for these companies to meet both past and future expectations.
Sentiment: MIXED
Tickers: .IXIC, UBSG-CH, BA, AAPL, MSFT, .HSI, GOOGL, PJC, UBS, AMZN, .DJI, META, .N225, .SPX,
Keywords: technology, business news, world markets, apple inc, ubs group ag, microsoft corp, hang seng index, meta platforms inc, united states, nikkei 225 index, nasdaq composite, piper jaffray companies, markets, boeing co, china, alphabet inc, s&p 500 index, amazon.com inc, dow jones industrial average,