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Stock Intelligence Today: Western Digital, Cerner, Amazon, Nvidia Pb Nasdaq 100 Lower (Blood As Well As Puke Everywhere)

From Investor's Business Daily:
The Nasdaq composite took about other hitting Friday, ending amongst a loss of 2.1%, afterwards slumping 3.6% intraday. Weak thought inward the stock marketplace today was fueled past times sluggish earnings reports from Google raise Alphabet (GOOGL) in addition to Amazon.com (AMZN). In other stock tidings today, Burlington Stores (BURL) outperformed, closing only off an all-time high.

Amazon in addition to Alphabet were amid several weak performers inward the Nasdaq 100 Friday. Others included Cerner (CERN), Nvidia (NVDA), Broadcom (AVGO) in addition to Netflix (NFLX).
The S&P 500 lost 1.7%. The Dow Jones industrial average gave dorsum 1.2%. Preliminary information showed book on the NYSE in addition to Nasdaq coming inward higher than Thursday's levels.

Alphabet barbarous 1.8%. The megacap musical rhythm out the Street's consensus earnings estimate past times most 14%. Revenue came inward 0.9% lighter than expected.

Amazon, meanwhile, slumped nearly 8%. It ended the calendar week below its 200-day moving average afterwards the fellowship reported disappointing sales growth in addition to also gave sluggish sales guidance for the vacation quarter.

Homebuilders outperformed, patch information storage firms lagged, wound past times weak earnings from Western Digital (WDC).

The major stock indexes rallied sharply Thursday, but inward the end, it was only the outset twenty-four hours of a rally attempt. The rally is dead inward the H2O already because the S&P 500 in addition to Nasdaq undercut Wednesday's intraday lows. That agency it's fourth dimension to human face for the outset twenty-four hours of about other rally attempt.

A follow-through day is possible inward the near-term, in addition to it would serve equally confirmation of a novel uptrend. If it happens though, don't confine dorsum into the stocks marketplace amongst reckless abandon. H5N1 lot of technical harm has been done that volition probable accept to a greater extent than fourth dimension to repair....MORE
Or, equally ZeroHedge pose it:
  
Global Bloodbath: World Stocks Puke Over $8 Trillion As U.S.A. of America Markets Collapse
Global uppercase markets are downwards 5 weeks inward a row, losing only nether $9 trillion - the biggest, fastest driblet since Lehman... (around $8.2 trillion from global equity markets)
 The Nasdaq composite took about other hitting Fri Stock News Today: Western Digital, Cerner, Amazon, Nvidia Lead Nasdaq 100 Lower (blood in addition to puke everywhere)

Chinese stocks managed to terminate the calendar week light-green thank yous to numerous National Team interventions...
 The Nasdaq composite took about other hitting Fri Stock News Today: Western Digital, Cerner, Amazon, Nvidia Lead Nasdaq 100 Lower (blood in addition to puke everywhere)

European stocks ended the calendar week blood-red (down 4 of the terminal 5 weeks) to the lowest since December 2016... amongst DAX worst of all (worse than Italy)...MORE

1 comment:

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