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US equity indexes closed lower on Thursday following a dip in Meta (META) and Microsoft (MSFT) stock...
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Amazon projected net sales of between $206 billion and $213.0 billion in the fourth quarter, while analysts on average were expecting revenue of $208.12 billion, according to data compiled by LSEG. Its cloud unit, Amazon Web Services, reported a 20% rise in revenue in the third quarter ending in September, compared with the estimates of a 17.95% increase. AWS typically accounts for a little more than 15% of Amazon's total revenue, but the segment is a huge profit engine, making up roughly 60% of the company's total operating income...
Continue ReadingWall Street eyed a US-China truce agreed by Trump and Xi, cooling hopes for a December rate cut and the next batch of Big Tech earnings...
Continue ReadingUS equity indexes fell ahead of the close on Thursday, with the Dow Jones Industrial Average giving...
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Microsoft Corporation delivered strong fiscal Q1 '26 results, beating expectations on both EPS and revenue. Learn more about MSFT stock here...
Continue ReadingBallooning capital expenditures on data centers for artificial intelligence will benefit the entire tech stack of computer gear makers, analysts say...
Continue ReadingThe Dow lost steam on Thursday after the blue-chip index neared its highest levels on record. The S&P 500 was down 0.6%, while the Nasdaq Composite was down 1.2%. The Dow is generally less exposed to Big Tech than the other major indexes because it weighs members by stock prices and lacks key Magnificent Seven stocks like Meta Platforms, Alphabet, and Tesla, but Microsoft, down 3.3%, shaved 110 points due to its large stock price...
Continue ReadingStock Market Today: The Dow Jones index rises while the Nasdaq drops with Meta stock plunging. Chipotle sinks...
Continue ReadingApple and Amazon are due to post earnings after Thursday's market close. Apple, whose market value closed above $4 trillion for the first time Wednesday, edged higher another 0.6% today. Amazon shares were down about 2%...
Continue ReadingApple is now one of only three companies to have reached a $4 trillion market cap...
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