Reported 3 months ago
As investor interest shifts from Big Tech to small-cap stocks, upcoming earnings reports from major companies like Microsoft and Amazon are anticipated to provide key insights into the sector's health. This trend is corroborated by mixed performance indicators, including a downgrade of Arm Holdings by HSBC due to reduced optimism regarding its AI potential. Meanwhile, McDonald's reported disappointing earnings, whereas Guardant Health's stock rose following FDA approval for a new cancer screening test. The market is also observing movements in homebuilder stocks due to expectations of a Federal Reserve rate cut.
Source: YAHOO