Investors have turned their backs on tech stocks after a series of disappointing results from the biggest names in the industry, including Apple, Google’s parent Alphabet, Microsoft, Amazon and Facebook parent Meta.
By Edward Moya US stocks have been struggling for direction all week after a mixed bag of earnings was accompanied with economic data that supports the idea that the economy is weakening.
By Craig Erlam Equity markets stabilised a little in the middle of the week, with big tech earnings failing to steer them significantly one way or another. It’s been a mixed bag
By Jeffrey Halley Equity markets were higher in Asia Thursday as US index futures rallied after Facebook-parent Meta posted minuscule growth in user numbers, along with robust financials. The results came too
Although Russia does not account for a significant revenue share for Apple products, the tech giant’s exit will likely leave a mark on its smartphone sales that have been growing in the
Apple reported a bright start to its fiscal year after a record-setting Q1 in the fiscal year 2021. Fiscal year Q1 which equates to a calendar year’s Q4, is historically a strong
By Han Tan, Market Analyst at FXTM The S&P 500 fell 2.57% on Wednesday, its biggest single-day drop since October, as the benchmark index wiped out its year-to-date gains. Spot Gold is
By Hussein Sayed, Chief Market Strategist at FXTM Federal Reserve Chairman, Jerome Powell, did a credible job on Wednesday of keeping monetary policy unchanged, while still managing to meet markets expectations in
By Lukman Otunuga, Senior Research Analyst at FXTM Risk aversion swept through Asian markets on Tuesday morning after Apple warned investors it may not meet revenue targets for this quarter due
By Hussein Sayed, Chief Market Strategist at FXTM Stocks continued to plunge on Monday after US equities experienced their worst week since August. The spike in the Volatility Index (VIX) on