NAS100 on the Back Foot Ahead of Big Tech Earnings Barrage
The index faces difficulties on the cusp of a bull market, as markets brace for a series of earnings by tech heavyweights, including Facebook-parent Meta Platforms
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The index faces difficulties on the cusp of a bull market, as markets brace for a series of earnings by tech heavyweights, including Facebook-parent Meta Platforms
The regional US bank came under pressure after the failure of Silicon Valley Bank in March and is latest earnings report revealed a 40% slump in deposits during the first quarter
Facebook-parent Meta reports its latest quarterly results on Wednesday April 26, after a strong start to the year, as it tries to turn things from the hardships of 2022
The tech-heavy index is constrained after last month’s march, with this week’s earning by Netflix & Tesla not helping, as markets contemplate sticky inflation, hawkish Fed and prospects of economic slowdown
Watch today’s US Open for commentary on the quarterly results by Netflix and Tesla, the higher than expected UK inflation, its deceleration in New Zealand and more
The EV giant’s profitability dropped significantly in the first quarter and margins were squeezed, amidst multiple price cuts, but Tesla pushes for higher production over margins
The streaming giant’s financial were mostly strong, but added only 1.75 million subscribers in the first quarter and also delayed a broader crackdown on password sharing for Q2
Watch today’s US Open for commentary on the strong economic data from China, the elevated wage figures from the UK, the upcoming earnings from Netflix and Tesla and more
The US index is in consolidation mode, as market digest strong Chinese data, Fed tightening prospects and a strong start to the earnings season by big banks, now turning to tech giants Netflix and Tesla
Tesla is set to release its first-quarter earnings on Wednesday, with investors interested in the impact of recent price cuts on margins and demand for the company's electric vehicles. Analysts predict adjusted earnings of 86 cents a share and sales of $23.8 billion for the quarter.
Watch today’s US Open for insights on the soft US CPI headline inflation that sends EUR/USD higher, Fed minutes which showed the projection of a recession, the new earnings season that gets underway and more
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