Finance Inquirer
No Result
View All Result
Saturday, May 28, 2022
  • Login
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
  • Submit a News Releases
Subscribe
Finance Inquirer
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
  • Submit a News Releases
No Result
View All Result
Finance Inquirer
No Result
View All Result
Home Stock Market

The Dow Jones rose despite a 1.4 percent drop in U.S. GDP. Amazon and Apple collapsed after the close

Tom Hagler by Tom Hagler
12.05.2022
in Stock Market
The Dow Jones rose despite a 1.4 percent drop in U.S. GDP. Amazon and Apple collapsed after the close
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

The U.S. stock market added markedly in trading on Thursday, April 28, despite fears of slowing global growth, continued inflation and a potential tightening of monetary policy by the Federal Reserve.

U.S. GDP data unexpectedly showed a 1.4% decline in the first quarter. However, investors ignored the economic slowdown, citing rising prices and a trade deficit.

Dow Jones rose by 1.82%

. However, the key point of the trades was Nasdaq which added more than 3% against the report of Meta Platforms (FB) +17.59% and expectation of financial results of tech giants Amazon (AMZN) +4.65% and Apple (AAPL) +4.52% that were getting ready to publish their financial results after the main trading session. The S&P500 broad market index was able to climb 2.47%.

Amazon and Apple shares collapsed after the close

Hope dies last. Investors hoping for financial results from the tech giants were only able to watch their shares fall after the close. Jeff Bezos’s company was the first to report.

Amazon chairman Jeff Bezos. Photo: Yandex

Earnings per share were $7.38 versus the expected $8.36. With a clear slowdown in operating results, investors didn’t hear the positive outlook, after which AMZN’s stock was instantly down 10%.

Despite good quarterly data, Apple (AAPL) shares fell almost 4% after its chief financial officer Luca Maestri warned of several problems in the current quarter.

Standing out among them are pandemic-related supply constraints. They could slow sales by $4-8 billion, as well as a significant drop in demand in China. CEO Tim Cook added that the company is “not immune” from supply chain problems.

Dow Jones вырос несмотря на падение ВВП США на 1,4%. Amazon и Apple рухнули после закрытияApple Inc. CEO Tim Cook. Photo: Yandex

Futures on U.S. stock indices reacted with a decline. And while the main stock benchmark of the U.S. stock market loses 0.4%, the opening on the S&P500 index “stands” already in the negative 0.8% and the Nasdaq -1.5%.

  • Trending
  • Comments
  • Latest
Boeing and Pfizer are among the companies and trade groups to have donated $8 million to Republicans who voted against certifying Biden’s election victory, a report says

Boeing and Pfizer are among the companies and trade groups to have donated $8 million to Republicans who voted against certifying Biden’s election victory, a report says

04.01.2022
Twitter Suspends mRNA Inventor Dr. Robert Malone

Twitter Suspends mRNA Inventor Dr. Robert Malone

29.12.2021
Anesthesiologist Salary in the USA.

Anesthesiologist Salary in the USA

24.01.2022
3 planes are flying potatoes into Japan to help tackle the country’s shortage of fries, which has caused McDonald’s to ration servings

3 planes are flying potatoes into Japan to help tackle the country’s shortage of fries, which has caused McDonald’s to ration servings

29.12.2021
Take the best photos of your life with the new vivo Y76 5G now available

Take the best photos of your life with the new vivo Y76 5G now available

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

AirPods 3 vs AirPods 2 – What’s the Difference?

AirPods 3 vs AirPods 2 – What’s the Difference?

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Crypto Pirates launches NFT sale that provides early access to the P2E game

Crypto Pirates launches NFT sale that provides early access to the P2E game

19.05.2022
The Dow Jones is down for the sixth week in a row. The Nasdaq has lost 25% of its highs. Which stocks to buy?

The Dow Jones is down for the sixth week in a row. The Nasdaq has lost 25% of its highs. Which stocks to buy?

19.05.2022
The Dow Jones is down for the sixth week in a row. The Nasdaq has lost 25% of its highs. Which stocks to buy?

The Dow Jones is down for the sixth week in a row. The Nasdaq has lost 25% of its highs. Which stocks to buy?

19.05.2022
Poland also wants a little bit of Ukraine. How a little? A couple or three regions.

Poland also wants a little bit of Ukraine. How a little? A couple or three regions.

19.05.2022

Recent News

Crypto Pirates launches NFT sale that provides early access to the P2E game

Crypto Pirates launches NFT sale that provides early access to the P2E game

19.05.2022
The Dow Jones is down for the sixth week in a row. The Nasdaq has lost 25% of its highs. Which stocks to buy?

The Dow Jones is down for the sixth week in a row. The Nasdaq has lost 25% of its highs. Which stocks to buy?

19.05.2022

Categories

  • Business
  • Finance
  • Stock Market
  • Technology
  • Без рубрики

Site Navigation

  • Home
  • Contact Us
  • Submit a News Releases
Finance Inquirer

We offer multimedia features, easy channel navigation, strong social media presence and numerous engagement platforms that allow the readers to experience content anytime, anywhere, always.

No Result
View All Result
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
  • Submit a News Releases

© 2021 financeinquirer.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In