The indicators were down: the S&P 500 lost 36.71 pointsor a 0.92%to close in 3,962.24 points; Meanwhile he Nasdaq Composite it fell 225.94 pointseither 1.87%a 11,835.66 units. The average Industrial Dow Jones bass 131.23 points, or a 0.41%a 31,905.67 units.
However, during the day the action of the famous Chinese social network, managed to reverse the downward start and was placed 0.81% higher.
“Earnings are proving less weak than fearedbut they’re deteriorating from what we’ve gotten used to over the past few quarters,” said Bob Dollof Crossmark Global Investments.
All eyes are on the gathering of the Federal Reserve and US gross domestic product data expected for next week. Although the central bank is expected to raise interest rates in 75 points basics to curb rampant inflation, GDP data is likely to turn negative again.
The casualty day occurred after Twitter publish results well below expectations in the second quartera disappointment he attributed to “headwinds”in particular due to the uncertainty surrounding its possible acquisition by the millionaire Elon Musk.
The group, which sued Musk to meet its purchase commitment in a trial that will begin in October, saw its turnover drop in one year (-1%), at $1.18 billionwith a net loss of $270 million in the second quarter, according to a statement released Friday.
Source: Ambito
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