President Trump's decision to pause tariffs on Canada and Mexico provided a temporary boost to U.S. stocks, but disappointing earnings reports from Alphabet and AMD highlighted the ongoing challenges facing the market. Investors are now looking closely at corporate fundamentals as a key indicator of future stock performance.
U.S. President Donald Trump on Monday paused tariffs on Mexico and Canada, but notably not China, stemming the dip in stocks, at least for now. Major U.S. benchmarks snapped a two-day losing streak in a relief rally. With the temporary respite in U.S. tariffs on key countries, investors could turn their attention to earnings. But what they saw on Tuesday wasn't likely to comfort them after the turmoil wreaked by tariffs.
Alphabet's scorecard for its fourth-quarter performance missed the high expectations so many have for Big Tech names. Meanwhile, AMD's data center sales, a key part of its business, missed estimates. Investor disappointment was immediate: Shares of both companies slumped in extended trading, signaling that corporate fundamentals remain critical to stock performance, causing shares to fall as much as 9% in extended trading. The tech giant's revenue came in at $96.47 billion, compared with $96.56 billion expected by LSEG. CEO Sundar Pichai said in the earnings release that Google expects to invest approximately, which missed the FactSet estimate of $4.14 billion. Net income came in at $482 million, down from $667 million a year ago. The chipmaker, however, beat Wall Street expectations for overall sales and earnings. On Tuesday, it reported net profit attributable to shareholders of $770 million, compared with a $483 million estimate in a company-provided consensus estimate and with a mean forecast of $886.4 million in a LSEG poll of analysts. The bank also announced plans to..
TARIFFS STOCK MARKET EARNINGS ALPHABET AMD TECHNOLOGY ECONOMY
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