The stock market gained in spite of the fact that U.S. gross domestic product fell 1.4% in the first quarter, the first contraction in the U.S. economy since the Q1-Q2 2020 pandemic slowdown. Still, rising yields and a stronger dollar helped the markets...
Continue ReadingWall Street's main indexes rose on Thursday as strong earnings from Meta Platforms lifted battered technology and growth stocks and offset concerns around a contraction in U.S. economic growth in the first quarter. The Facebook parent rose 14.3% after it reported a stronger-than-expected profit and the social-networking site eked out user growth. Apple Inc, the world's most valuable company, and e-commerce giant Amazon.com Inc both rose more than 2% ahead of their earnings later in the day...
Continue ReadingShares of Facebook parent company Meta are booming following its Q1 earnings report...
Continue ReadingFor now, it's helping give the market a boost ahead of earnings reports from Apple and Amazon , which are due up after the bell tonight. Overall, Meta stock had fallen almost 55% from the all-time high to yesterday's low. The stock has been crushed and was left trading at about 14 times this year's earnings estimate...
Continue ReadingWhat happened Apple (NASDAQ: AAPL) stock beat the market Thursday morning, rising 3% by noon ET compared to a 0.2% increase in the S&P 500. The boost erased some of shareholders' recent losses, and the tech giant is beating the market so far in 2022...
Continue ReadingMeta Platforms' (FB) first-quarter 2022 performance suffers from unfavorable foreign exchange, lower ad spending in Europe, negative impact of the Russia-Ukraine conflict and slowdown in e-commerce...
Continue ReadingFirst-quarter profit has exceeded Wall Street’s expectations despite slower revenue growth...
Continue ReadingYahoo Finance's Jared Blikre breaks down how stocks are faring as companies report earnings and expectations for upcoming earnings from Robinhood, Apple, and Amazon...
Continue ReadingFacebook parent Meta's (FB) Q1 earnings beat analyst forecasts, while revenue missed. The number of monthly active people was below estimates...
Continue ReadingEpyllionCo CEO Matthew Ball joins Yahoo Finance Live to discuss earnings for Meta, extended reality, a metaverse ETF, and the outlook for companies in the metaverse...
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