Market News

Wall Street Skids As Global Recession Worries Resurface

Wall Street Skids As Global Recession Worries Resurface

Wall Street limped into Friday’s close with substantial losses when soft economic data from China and the European Union rekindled fears of slower economic growth and unleashed a meltdown in the US. The Dow closed at its lowest level since May, bottoming out at 24,000 for a loss of nearly 500 points from the prior day’s close. Led by losses […]

Alphabet Shares Plunge Overnight on Revenue Miss, RBC Still Sees ‘Consistent, Robust’ Fundamentals

Alphabet Shares Plunge Overnight on Revenue Miss, RBC Still Sees ‘Consistent, Robust’ Fundamentals

Alphabet (GOOG) shares are down more than 5% in pre-bell after reporting revenue that missed expectations after the close on Thursday, but RBC analysts are less bearish on the stock as growth continues. Third-quarter revenue came in at $33.7 billion, up from $27.8 billion during the same quarter last year, but below consensus compiled by Capital IQ for $34 billion. […]

Nasdaq Under Pressure as Amazon, Alphabet Set for Tough Day, Jones Trading Says

Nasdaq Under Pressure as Amazon, Alphabet Set for Tough Day, Jones Trading Says

The Nasdaq was under pressure early Friday in a broad based selloff, sparked by soft quarterly reports from both Amazon (AMZN) and Alphabet (GOOGL), said Dave Lutz, head of ETFs at Jones Trading. In Europe, the DAX was down 1.8%, trading on lows as EU autos were 3% down after supplier Valeo dropped 20%, while financials fell over 2% as […]