General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsStocks decline as technology sector weighs on market
Stocks fell Thursday as technology shares led a broad market decline. Investors also pored over the latest batch of corporate earnings results along with comments from the top European Central Bank official.
The Dow traded 150 points lower, while the S&P 500 pulled back 0.5%. The Nasdaq lagged, sliding 0.9%.
The S&P 500 technology sector dropped 0.9%, while the 10 other sectors also traded lower. Tech-related stocks like Amazon and Alphabet slid 0.8% each ahead of their quarterly earnings reports after the bell.
Facebook shares fell more than 2% after CFO David Wehner said in a conference call the company expects revenue to fall sequentially going forward. We also expect more pronounced deceleration in the fourth quarter and into 2020, partially driven by ad-targeting related headwinds and uncertainties, he said.
Wehners comments overshadowed stronger-than-expected results for the second quarter.
https://www.msn.com/en-us/money/markets/stocks-decline-as-shares-of-ford-and-boeing-tumble/ar-AAEMDST
Joe941
(2,848 posts)elleng
(130,954 posts)S&P 500
-0.38%
Dow
-0.44%
Nasdaq
-0.76%
onethatcares
(16,168 posts)We also expect more pronounced deceleration in the fourth quarter and into 2020, partially driven by ad-targeting related headwinds and uncertainties, he said.
Javaman
(62,530 posts)Yavin4
(35,441 posts)esp. in Europe.
ck4829
(35,077 posts)Yavin4
(35,441 posts)That speaks volumes about their business model.