Reported 27 days ago
US stocks experienced a downturn on Wednesday, with the Dow Jones, S&P 500, and Nasdaq showing declines amidst a busy earnings season. Despite Alphabet's strong performance boosting tech stock optimism, key economic indicators such as GDP growth at 2.8% and rising private payrolls added complexity for the Federal Reserve's upcoming rate decisions. Notable earnings reports from Meta and Microsoft both exceeded expectations, although concerns about Meta's spending impacted its shares, while Reddit saw a remarkable gain after posting its first profit as a public company.
Source: YAHOO