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Fed, Netflix earnings cast clouds over tech-stock surge

ANN/THE STRAITS TIMES – There’s growing concern on Wall Street that the twin engines of this year’s tech-stock surge are at risk of sputtering.  That was evident on Thursday, when the technology-heavy Nasdaq 100 Index dropped by the most in five months as disappointing earnings reports from Netflix Inc and Tesla Inc dampened the outlook […]
Jerome Powell Tesla Inc Microsoft Corp Alphabet Inc Netflix Inc Meta Platforms Inc

Fed, Netflix earnings cast clouds over 2023's tech-stock surge

Next week, around 170 companies in the S&P 500 Index, representing 40% of its market capitalization, are set to post results, including tech bellwethers Microsoft Corp., Meta Platforms Inc. and Google parent Alphabet Inc. And on Wednesday, after the Fed announces its latest decision on interest rates, Chair Jerome Powell will provide clues on whether investors were correct to wager that its expected quarter-point rate hike will be its last
Cheryl Smith Bloomberg Etmarkets Gina Martin Adams Jerome Powell Eric Diton Wealth Alliance

Fed, Netflix earnings cast clouds over tech-stock surge

There’s growing concern on Wall Street that the twin engines of this year’s tech-stock surge are at risk of sputtering. That was evident Thursday, when the technology-heavy Nasdaq 100 Index dropped by the most in five months as disappointing earnings reports from Netflix Inc. and Tesla Inc. dampened the outlook…
Gina Martin Adams Cheryl Smith Eric Diton Jerome Powell Netflix Inc Microsoft Corp

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