He Nasdaq leads the falls in Wall Street this Thursday after the moderate sales on Wednesday, in a day in which the market negatively discounts the results of Meta and Microsoft, while awaiting the quarterly figures of Apple and Amazon (after the market closes) and after knowing the September PCE consumption deflator.
The New York Stock Exchange opened lower on Thursday, with investors concerned about the costs of developing artificial intelligence (AI) following the results of Meta and Microsoft. In the first exchanges, the Dow Jones gives up 0.48%; the technological Nasdaq, 1.05%; and the S&P 500, 0.78%.
Facebook’s parent company, WhatsApp and Instagram, falls 1.6% as it disappoints with user growth and anticipates more infrastructure expenses. Thus, the company obtained a net profit of $15,688 million in the third quarter of 2024, 35% more than the $11,583 million in the same period of the previous year.
The income they reached the 40,589 million dollarsfor grow 19% compared to $34.146 million in the third quarter of last year, while analysts expected $40.29 billion.
Microsoftfor its part, loses more than 5% at not convincing with your income forecast. However, the technology company beat forecasts by earn 24,667 million dollarswhich means an increase of 11% compared to the 22,291 million harvested in the same period of the previous year.
In the case of the income they had a 16% increase In the interannual comparison, until 65,585 millioncompared to forecasts of 64,510 million.
Apple and Amazon focus the market’s attention
After the market closes it will be time for Apple and Amazon, which will release their quarterly figures. As far as Apple is concerned, the focus will, once again, be on the sales of its flagship, the iPhone. Overall, analysts expect the company to achieve profits of 24,239 million, with a earnings per share (EPS) of 1.59 dollars and income of 94,215 million.
As to amazoninterest will focus on your cloud business, AWS. For the e-commerce giant, revenues of $157 billion are anticipated with an EBIT of $15 billion, and a net profit of $12.32 billion.
For Ipek Ozkardeskaya, senior analyst at Swissquote Bank published in Bolsamanía, both companies “should not only meet and exceed expectations, but will also present a solid forecast to keep enthusiasm alive“.
New data preferred by the Fed was known
Regarding the macro agenda, the consumer PCE for the month of September was published, the preferred inflation indicator of the Federal Reserve (Fed). The general rate fell to 2.1% from 2.2% the previous month, in line with forecasts, while the core It remained at 2.7%, one tenth worse than expected.
Source: Ambito
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