Wednesday’s trading session saw intense declines across major U.S. stock indexes that were driven by disappointing reports from a couple megacap tech…
Stock futures rose Wednesday night after a sharp tech-driven sell-off dragged the Nasdaq Composite and the S&P 500 to their worst session since 2022.
Futures tied to the Dow Jones Industrial Average added 78 points, or 0.2%. S&P 500 futures rose 0.2%, while Nasdaq 100 futures advanced 0.3%.to fall in sympathy.
There are healthy areas of the market, such as cruise lines and U.S. infrastructure, Ma said, however. He added that megacap technology names will still"struggle for a while" until they can regain their footing and have more proof come forward about their AI-related results.Although some major tech names missed expectations this week, an overall positive earnings season so far is propping up investor enthusiasm.
came in much lower than Wall Street expected due to longtime warranty issues. The automaker posted adjusted earnings per share of 47 cents, significantly less than analysts' forecast of of 68 cents, per LSEG. Automotive revenue came out at $44.81 billion, slightly higher than the consensus call for $44.02 billion.— The software company jumped 6%. ServiceNow posted second-quarter adjusted earnings of $3.13 per share on revenue of $2.62 billion.
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