Thus, the main declines were for Alphabet (-6.2%), Meta (-5.2%) and Taiwan semiconductors (-4.5%). For their part, all nine Cedears ETFs closed lower. The one that fell the most was the ARKK of innovation that closed 4.8% down.
Google’s fall happened after Alphabet presented its quarterly balance sheet. The parent company missed Wall Street estimates for quarterly sales as advertisers cut spending in the face of a possible global economic slowdown.
As to Goalthe company presented a quarterly balance at the close of the market. The papers fell early as the projections were not good. Meta obtained US$7.47 billion in net profit in the first quarter of the year, a 21% lower result over the same period in 2021.
“Microsoft’s better earnings and Alphabet’s lower earnings suggest that investors must be selective within the technology sector. Not all large-cap tech stocks are created equal,” said Ryan Belanger, managing director and founder of Claro Advisors.
As for the increases, Ternium (+6.1%), Vista Oil&Gas (+3.2%) and Vale (+3.1%) stood out this day. Ternium announced that it plans to invest US$600 million this year and that it will use the resources to boost production at its plants, especially in Mexico, which represented 53% of steel shipments in the first quarter of 2022.
Source: Ambito
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