{"id":437766,"date":"2022-04-26T19:57:24","date_gmt":"2022-04-26T16:57:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-stocks-fall-as-microsoft-google-kick-off-key-tech-earnings\/"},"modified":"2022-04-26T19:57:24","modified_gmt":"2022-04-26T16:57:24","slug":"us-stocks-fall-as-microsoft-google-kick-off-key-tech-earnings","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-stocks-fall-as-microsoft-google-kick-off-key-tech-earnings\/","title":{"rendered":"#US stocks fall as Microsoft, Google kick off key tech earnings"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2eaa6149581\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2eaa6149581\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/us-stocks-fall-as-microsoft-google-kick-off-key-tech-earnings\/#%E2%80%9CUS_stocks_fall_as_Microsoft_Google_kick_off_key_tech_earnings%E2%80%9D\" >&#8220;US stocks fall as Microsoft, Google kick off key tech earnings&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CUS_stocks_fall_as_Microsoft_Google_kick_off_key_tech_earnings%E2%80%9D\"><\/span>&#8220;US stocks fall as Microsoft, Google kick off key tech earnings&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>US stocks were pounded in midday trading Tuesday \u2014 with heavy losses in the tech-heavy Nasdaq index \u2013 as investors braced for key earnings from Google parent Alphabet and Microsoft later in the afternoon.<\/p>\n<p>The tech giants are set to disclose quarterly results against a backdrop of heavy volatility and investor anxiety on Wall Street.<\/p>\n<p>Markets are under pressure due to the risks of a global economic slowdown, escalating COVID-19 lockdowns in China that could further disrupt global supply chains and likely aggressive action from the Federal Reserve to fight inflation.<\/p>\n<p>The Dow Jones Industrial Average plunged more than 450 points as of about 12:35 p.m. ET, or about 1.36%. The tech-heavy Nasdaq index declined about 2.8% and the broad-based S&amp;P 500 fell about 1.7%.<\/p>\n<p>Stocks experienced similar swings a day earlier, the Dow fell nearly 500 points during the first half of trading only to stage a furious rally later in the day. The rally was led in part by <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that Twitter\u2019s board had accepted billionaire Elon Musk\u2019s $44 billion offer to buy the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> firm.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/NYSE-traders-98.jpg?w=1024\" alt=\"NYSE traders\" class=\"wp-image-22039880\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/NYSE-traders-98.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/NYSE-traders-98.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/NYSE-traders-98.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Investors have mounting anxiety about a potential recession.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Microsoft shares sank more than 2.4% and Alphabet fell 2.5% as each company prepared to report earnings after the closing bell. Other tech heavyweights such as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le, Amazon and Meta are reporting later in the week \u2013 with potential major implications for the broader market.<\/p>\n<p>\u201cGiven the picture of the market (right now), if any of these tech companies report earnings that are below expectations, it could be very dangerous because the downside is fragile,\u201d Julius de Kempenaer, a senior technical analyst at StockCharts.com, told Reuters.<\/p>\n<p>Twitter stock fell more than 3% on Tuesday after it initially surged on the Musk deal. Tesla shares fell about 10%, potentially on the prospect that the Twitter deal could add to distractions for Musk.<\/p>\n<p>Stocks that struggled in midday trading included <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Electric, which sank 11% ahead of its earnings report after warning that inflation was impacting its profits for the year. Inflation hit 8.5% in March, its highest level since 1981.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/NYSE-traders-97.jpg?w=1024\" alt=\"NYSE traders\" class=\"wp-image-22039879\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/NYSE-traders-97.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/NYSE-traders-97.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/NYSE-traders-97.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tech stocks were under pressure in trading Tuesday.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Investors will be watching closely in the coming days for signs on how the Fed plans to act on rate hikes.<\/p>\n<p>Last week, Fed Chair Jerome Powell indicated a half-percentage-point hike could occur in May. The central bank typically hikes rates in quarter-percentage-point increments.<\/p>\n<p>The prospect of sharp increases has stoked fears that the US economy could fall into a recession. In a note to investors Tuesday, Deutsche Bank analysts reiterated their view that a recession was likely to occur by 2023.<\/p>\n<p>\u201cOur strongly held view is that the sooner and the more aggressively the Fed acts, the less longer-term damage to the economy there will be,\u201d the analysts said. \u201cMarkets just need to be shown that the Fed will do what is necessary and not tolerate prolonged inflation, even if it is \u2018only\u2019 in single digits.\u201d<\/p>\n<p>If Tuesday\u2019s losses hold, they will add to the pain for investors who have weathered a weeks-long losing streak for US stocks. The Dow has finished lower for four consecutive weeks\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/04\/26\/us-stocks-fall-as-microsoft-google-kick-off-key-tech-earnings\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;US stocks fall as Microsoft, Google kick off key tech earnings&#8221; US stocks were pounded in midday trading Tuesday \u2014 with heavy losses in the tech-heavy Nasdaq index \u2013 as investors braced for key earnings from Google parent Alphabet and Microsoft later in the afternoon. The tech giants are set to disclose quarterly results against&#8230;<\/p>\n","protected":false},"author":1,"featured_media":437767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/NYSE-traders-99.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[128483,73977,70550,26293,70551,70552,70286,91261,70359],"class_list":["post-437766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-26-22","tag-dow-jones-industrial-average","tag-federal-reserve","tag-google","tag-inflation","tag-interest-rates","tag-microsoft","tag-recession","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=437766"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/437767"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=437766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=437766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=437766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}