Reported about 3 hours ago
U.S. stocks retreated on Wednesday as Alphabet and AMD reported earnings that fell short of expectations, raising concerns among investors about potential impacts from the ongoing U.S.-China trade tensions. The Nasdaq Composite decreased by 0.6% and the S&P 500 dropped by 0.2%, while the Dow Jones remained relatively flat. Alphabet faced an 8% decline due to below-par cloud revenue, and AMD's shares fell over 9% amidst worries regarding AI sales forecasts. Market reactions were also impacted by news of an antitrust investigation into Apple by China's regulators.
Source: YAHOO