Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.40%. Stocks on Wednesday settled mixed, with the Dow Jones...
What happened
Although Microsoft (NASDAQ: MSFT) posted estimate-beating quarterly results the previous day, its stock wasn't doing well on Wednesday. On concerns about a key part of the business, Microsoft's share price was down by more than 4% in midafternoon trading. That compa
U.S. stocks ended Wednesday little changed following a Federal Reserve rate hike that left the door open for future hikes, but the Dow scored a 13-day winning streak.
U.S. stocks ended Wednesday little changed following a Federal Reserve rate hike that pushed borrowing costs to their highest since the global financial crisis.
Tech stocks were lower late Wednesday, with the Technology Select Sector SPDR Fund (XLK) down 1.7% and the Philadelphia Semiconductor index dropping 1.6%.
The Retail Investor DilemmaAt any given moment, retail investors can instantaneously enter and exit any stock out of the thousands that are publicly traded. Because of the internet, commission-free trading, and more information ac
The two tech behemoths Microsoft MSFT and Alphabet GOOGL reported Q2 earnings Tuesday after the market closed, and one stock is rallying, while the other is selling off. Although these are just the immediate reactions, I believe o
Tech stocks were lower Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 1.7% and the Philadelphia Semiconductor index dropping 1.8%.
Microsoft MSFT reported fourth-quarter fiscal 2023 earnings of $2.69 per share, which beat the Zacks Consensus Estimate by 5.91% and improved 20.6% on a year-over-year basis. At constant currency (cc), earnings increased 23% year
OpenAI, Microsoft, Alphabet's Google and Anthropic are launching a forum to support safe and responsible development of large machine-learning models, top industry leaders in artificial intelligence said on Wednesday.
Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Microsoft and Google in a key area of artificial intelligence, an executive told Reuters.
Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Microsoft and Google in a key area of artificial intelligence, an executive told Reuters.
The S&P 500 and the Nasdaq edged lower on Wednesday as investors assessed mixed earnings from Microsoft and Alphabet ahead of a Federal Reserve rate hike that could push borrowing costs to their highest since the global financial crisis.
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.91%. Stocks this morning are mostly lower ahead of an...
Canada's main stock index fell on Wednesday as a decline in commodity prices dragged energy and materials stocks, while investors stayed on the sidelines ahead of a widely expected interest rate hike by the U.S. Federal Reserve.
In early trading on Wednesday, shares of Boeing topped the list of the day's best performing Dow Jones Industrial Average components, trading up 5.7%. Year to date, Boeing registers a 18.8% gain.
A number of U.S. big tech companies fell on Wednesday as Microsoft's results signaled how the high-stakes battle for AI supremacy will cost the tech giants that have seen their shares rally in recent months on hype around the technology.