Discussion on global economy and financial markets - Page 54

Originally posted by: Viswasruti

Why they've taken this drastic decision? They are doing very well at present!

They are doing okay. AWS was the leader but recently Oracle entered the space.

Originally posted by: NerdyMukta

They are doing okay. AWS was the leader but recently Oracle entered the space.

Originally posted by: mishkil88

wait...what... Oracle entered into retail consumer online sales ?

No, not e-commerce. They entered AI and cloud.

Gold retreats on strong dollar

https://www.reuters.com/markets/commodities/gold-inches-lower-us-jobs-data-cements-bets-smaller-rate-cut-2024-10-07/?taid=67034c625008a40001d37f94&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

Originally posted by: NerdyMukta

Gold retreats on strong dollar

https://www.reuters.com/markets/commodities/gold-inches-lower-us-jobs-data-cements-bets-smaller-rate-cut-2024-10-07/?taid=67034c625008a40001d37f94&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

Manipulations in politics are showing their impact on stock markets!!

Against global trend, based on financials, Indian markets are riding high on sentiments!!!

Dow Jones dropped by 410 today

Stocks fell sharply on Wednesday, with the Dow Jones Industrial Average posting its worst day in more than a month, as higher Treasury yields weighed on market sentiment.

The S&P 500 lost 0.92%, closing at 5,797.42. The 30-stock Dow plunged 409.94 points, or 0.96%, ending the day's session at 42,514.95. It was the worst day since early September for the blue-chip index. The Nasdaq Composite lost 1.6%, ending at 18,276.65.

Both the Dow and S&P 500 notched their third straight losing session.

https://www.investors.com/market-trend/stock-market-today/dow-jones-nasdaq-sp500-mcdonalds-ecoli-warren-buffett-tesla/

100 crores worth flats purchased by Bachchan

https://x.com/business_today/status/1849442801135833570?t=CGVC5qQeclX5lw6umR0ssg&s=19

S&P 500 tumbles for a second day

Stocks slid on Thursday as Wall Street digested discouraging quarterly reports from megacap technology names and awaited further results.

The S&P 500 tumbled 1.1%, while the Nasdaq Composite lost 1.7%. Both indexes are on track for a second straight day of declines. The Dow Jones Industrial Average slid 227 points, or 0.5%.

Microsoft shares slid more than 5% after the tech giant's revenue guidance disappointed investors and overshadowed a quarterly earnings beat. Meta Platforms dropped 2.2% after the Facebook parent missed the Street's expectations for user growth and warning that capital expenditures will significantly rise in 2025. To be sure, Meta managed to beat on both top- and bottom-lines in the third quarter.

Big tech earnings so far this week have been a mixed bag. While Alphabet shares rose nearly 3% on Wednesday after the company reported strong revenue growth, chipmaker AMD fell more than 10% as investors were disappointed by the company's guidance for the fourth quarter.

Tech earnings continue on Thursday with results from tech giants Apple and Amazon due after the bell.

The Fed cut rates by 25 bps, as expected. The decision was unanimous this time.

https://x.com/Investingcom/status/1854600858421375039?t=-_ucGGladKV-kHN2AoDd0w&s=19