kontan.co.id
banner langganan top
| : WIB | INDIKATOR |
  • EMAS1.007.000 0,40%
  • RD.SAHAM -0.07%
  • RD.CAMPURAN 0.04%
  • RD.PENDAPATAN TETAP -0.07%

Tag

Microsoft

Big Tech Tumbles As Results Set Off Alarm Bells

Microsoft
A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 17, 2022. Gloomy results from Alphabet and Microsoft stoked fears of a global economic downturn.

KONTAN.CO.ID - NEW YORK. Gloomy results from Alphabet and Microsoft stoked fears of a global economic downturn and derailed an earnings-led surge in stock markets on Wednesday, while setting the tone for results from other megacap technology giants.

The Nasdaq tumbled nearly 2% as the results underscored the fallout of strong dollar and weak demand on the tech sector against the backdrop of high inflation and rising borrowing costs.

Shares of the Google-parent and Microsoft fell about 8% in early trading. Meta Platforms Inc, which will report after markets close, was down 4%, while Amazon.com Inc lost 4% and Apple Inc 1% in the run-up to their results on Thursday.

BERITA TERKAIT
Berita Lainnya

[X]