Tuesday decline steepens: Dow drops 400 points, while Nasdaq skids 2.7%
U.S. stocks fell sharply Tuesday, failing to build on the previous session’s intraday bounce, as investors sifted through a raft of corporate results and awaited earnings due after the bell from megacap tech giants, including Microsoft and Google owner Alphabet.
Also read: U.S. stocks ended a Manic Monday in the green — but intraday bounces like this aren’t bullish “This week a lot of attention will be on the megacap earnings announcements. Netflix’s announcement proved to be a big speed bump that the market is still trying to get over and hopefully there will be some horsepower to help us over, created by announcements and forecasts of the remaining FAANG stocks this week,” said Brian Overby, senior options analyst at Ally Bank, in emailed comments.
While close to 80% of firms that have so far reported for the quarter have beaten profit expectations including GE, United Parcel Service Inc. and Pepsico Inc, disappointing earnings forecasts, including those from JetBlue Airways Corp., are weighing on shares.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
American Airlines adding 400 reservations agents in Dallas-Fort Worth to prep for summerThe Fort Worth-based airline is adding thousands of employees across the company to keep up with the expected influx of summer travelers.
Read more »
Navajo man biking 400 miles to raise funds to power Native American homesMylo Fowler is hitting the road with his bicycle on a 400-mile trek, looking to raise funds to power Native American homes.
Read more »
Dow Futures Fall More Than 200 Points as Wall Street Braces for a Busy Earnings WeekInvestors are looking ahead to a packed week of corporate earnings, including reports from Amazon, Apple and Microsoft.
Read more »
US stocks slide as economic worries mount ahead of crucial tech earningsUS stocks sold off in early trading on Monday in a sign of mounting investor anxiety as Wall Street enters a week of crucial earnings reports from prominent tech firms.
Read more »
Forex Today: Euro, CHF, GBP Fall to Long-Term LowsRisk sentiment improved yesterday, boosting stock markets, while the US Dollar continued its strong recent advance, with European currencies notably weaker. forexnews marketnews forextrader
Read more »
Dow Futures Fall More Than 200 Points as Wall Street Braces for a Busy Earnings WeekInvestors are looking ahead to a packed week of corporate earnings, including reports from Amazon, Apple and Microsoft.
Read more »