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Wall Street sells off on last day of Oct.
Stock market today: Microsoft, Meta and the burden of expectations knock Wall Street sharply lower
Drops for Big Tech companies including Microsoft and Facebook's parent company Meta Platforms led Wall Street lower
Live updates: ASX to fall as tech stocks like Microsoft drop value on Wall Street
Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.
Wall Street sells off on last day of October, as Microsoft, Meta rout tech stocks
Wall Street plummeted on the final day of October, snapping a five-month win streak. A post-earnings decline in tech titans Microsoft (MSFT) and Meta Platforms (META) dragged down the market, while traders also received a mixed picture on inflation.
5d
Microsoft beats Wall Street expectations with big help from its cloud business, but warns of slower growth in second quarter
CEO Satya Nadella attributed the faster-than-expected growth to artificial intelligence transforming the workplace.
5d
on MSN
Microsoft beats expectations with nearly $25B in quarterly profits, as AI revenue boosts cloud growth
The company overall posted revenue of $65.6 billion, up 16%, vs. analyst expectations of $64.5 billion; profits of $24.7 ...
The Associated Press on MSN
5d
Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it
Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its ...
4d
Meta and Microsoft: AI’s Spending Champs Won’t Be Tapping the Brakes
Sharply rising capital investments show no sign of slowing as the latest reports fail to excite investors.
3d
on MSN
Dow soars nearly 300 points as Wall Street shrugs off dismal jobs report
After the jobs report, investors largely stuck to bets that the central bank would cut rates by a quarter point in ...
The Motley Fool on MSN
3d
Palantir Stock Has Crushed the S&P 500 This Year, but Some Wall Street Analysts Say "Sell." Is It Time to Take Profits?
In the AI era, Palantir is quickly emerging as a leader, and management now expects U.S. commercial revenue to jump at least ...
6d
on MSN
Big Tech earnings drop this week. Here's what Wall Street is watching.
Big Tech earnings start today, with roughly $12 trillion in market cap reporting over three days.
8d
Wall Street Brunch: Tech Earnings Overload
And
Microsoft
will give investors a lot to digest during its ... Costco (COST) goes ex-dividend on Friday, with a payout ...
4d
Arm Stock vs. Taiwan Semiconductor Stock: Wall Street Says Buy One and Sell the Other
Arm and Taiwan Semiconductor are essential to the artificial intelligence boom, but Wall Street only sees upside in one stock ...
4d
on MSN
Microsoft, Meta and the burden of expectations knock Wall Street sharply lower
Drops for Big Tech companies including Microsoft and Facebook's parent company Meta Platforms led Wall Street lower ...
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