Nervous investors set the stage for massive post-earnings moves in Wall Street’s biggest stocks.
盘后总结
主要新闻
Shares of Alphabet and Tesla dipped after the companies reported massive spending increases in their quarterly earnings reports.
Intel rallied after the company reported blowout earnings and guidance.
Investors are increasingly readying for the Federal Reserve to hike interest rates in September.
But stock investors shrug off Iran developments as they await crucial earnings reports from tech firms including Alphabet and Tesla.
U.S. Treasury yields climbed on Wednesday, following oil prices higher, as traders also reacted to a slump in weekly claims for unemployment insurance.
Wall Street is banking heavily on exchange-traded funds that give investors artificial intelligence exposure, according to JPMorgan Asset Management.
Tesla’s stock has its worst drop in a year after the company’s earnings call leaves Wall Street with more questions than answers.
The S&P 500 tumbled more than 1 percent, while the tech-heavy Nasdaq Composite sank more than 2 percent.
While ServiceNow’s earnings beat proved that its AI momentum is picking up, the launch of OpenAI Presence reignited fears of enterprise software disruption
Both Tesla and Alphabet signaled higher spending as they invest in artificial intelligence.
Shares of Albertsons sank Thursday after the grocer reported softness in its core business and lowered its full-year outlook as a result.