Tech Giants Pull the Plug, Nasdaq Sees a Rough Morning
It was a gloomy start to the week in the U.S. stock market. In the pre‑market session on Wednesday, traders saw negative numbers mainly because major tech firms were sharing the news that their earnings were underwhelming.
Alphabet & Tesla Drop the Ball
- Alphabet (Google): Shares slipped 1% after the close. The culprit? Ytuber ad revenue in the lower‑than‑expected range.
- Tesla: A painful 4% slide in pre‑market trading followed a 45% plunge in Q2 profits and weaker auto sales. Even after hours, the electric‑car hero hasn’t let up.
What’s the Market Thinking?
Despite the drone of tech disappointments, the broader market’s been holding its breath for a soft landing. Small‑cap stocks and industrials have been showing green teeth, buoyed by bets that the economy’s going to keep its steady pace. Still, the day’s mood could be a bit “correction‑ready” if the tech slump continues.
Spotlight on IBM
All eyes will shift to IBM’s Q2 earnings once the bell rings. The old‑school titan is projected to see sales rise just a tad—from $15.48 billion last year—while earnings per share might dip a touch. But here’s why you should be excited: IBM has bull‑headed its way past expectations for five straight quarters. If it once again outperforms the consensus, the technology sector—and the market at large—could get a nice boost.
The Bigger Picture: Monetary Policy & Economic Data
Investors are also keeping a close eye on upcoming economic releases. Anything that nudges us closer to a policy decision could swing sentiment dramatically. So, whether it’s earnings or economic data, the day’s game is full of surprises.
Want to stay on top of the latest market buzz? Grab real‑time updates right on your device. Subscribe now and never miss a beat.
