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Tech Giants Hit in Late Hours After Meta's Outlook: Markets Wrap

(Bloomberg) — Big tech sold off in late hours after Meta Platforms Inc.โ€™s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has run too far. A $250 billion exchange-traded fund tracking the Nasdaq 100 (ticker: QQQ) got hit after the close of regular trading as the Facebook…
United States United Kingdom New York Elon Musk Dave Calhoun Hargreaves Lansdown

US Stock Futures Rise With Earnings Center Stage: Markets Wrap

(Bloomberg) — US equity futures held slim gains as the busiest week of the earnings season gathered momentum, with hopes for a sustained rally hinging on whether big tech can justify lofty valuations inspired by the artificial intelligence boom. Contracts on the S&P 500 and Nasdaq 100 edged about 0.3% higher after Wall Streetโ€™s rebound…
New York United States United Kingdom Mihir Tirodkar Jessica Menton Michael Msika

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Asian Stocks Rise on Profit Optimism into Earnings: Markets Wrap

(Bloomberg) — Asian stocks rose after US shares rebounded from a $2 trillion selloff on optimism big tech leaders will announce hefty profits this week. Equity benchmarks in Hong Kong advanced, along with those in Japan and South Korea, while mainland Chinese equities slipped. Futures for US shares traded mixed after the S&P 500 topped…
South Korea Hong Kong United States New Zealand New South Wales Jason Scott

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