US STOCKS-Wall St Ends Winning Run as Facebook Forecast Halts Tech-Led Recovery

Reuters2022-02-04

(Reuters) - Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks ending lower after Facebook-owner Meta Platforms' dour forecast sent its stock plummeting and ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

robot1234
2022-02-05
robot1234
Nasdaq has hit countless ATH last year mainly due to massive QE and ultra loose monetary policy. Now she is coming under triple whammy with 40-yearhigh inflation rate, interest rate hikes and FED tapering her $9 trillion balance sheet. Retail investors can pivot and pay some attentions on the China markets after last year correction. Just as an illustration, BABA is now looking increasing attractive after falling from 52-week high of HK269 to near 52-week low of HK120 with PE at 17X. BABA drastic fall was mainly due to the aborted ANT IPO in late 2020 and related $2.8 billion fine, and anti-monopoly investigation last year. In general, these bad news already priced in. Her prospect is still intact albeit increasing competition in the e-commerce sector. Can exp
LimLS
2022-02-04
LimLS
Very volatile times in the market now. Huge gains and losses in just matter of days. There is no point to try predict the short term movement now. Better to put our focus on the long term. Look through the earnings from several companies and bet on those that will most likely come out of this mess stronger after 6-18 months. Forget about chasing after short term gains. It's purely gambling. Getting it wrong once might just wipe out all the gains we work hard for.
Steven Tay
2022-02-04
Steven Tay
Ok
Uasbau
2022-02-04
Uasbau
A volatile market indeed with VIX S&P500 up by 10.24% at 24.34
AlfonsoDex
2022-02-04
AlfonsoDex
Ok
bobbylim
2022-02-04
bobbylim
Nice

Leave a comment

114

1173

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2208206318?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-02-04 06:52","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2208206318","market":"us","top_or_hot":-1,"title":"US STOCKS-Wall St Ends Winning Run as Facebook Forecast Halts Tech-Led Recovery","media":"Reuters","content":"<div>\n<p>(Reuters) - Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks ending lower after Facebook-owner Meta Platforms' dour forecast sent its stock plummeting and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-st-ends-215752279.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall St Ends Winning Run as Facebook Forecast Halts Tech-Led Recovery</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall St Ends Winning Run as Facebook Forecast Halts Tech-Led Recovery\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-04 06:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-st-ends-215752279.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks ending lower after Facebook-owner Meta Platforms' dour forecast sent its stock plummeting and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-st-ends-215752279.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://finance.yahoo.com/news/us-stocks-wall-st-ends-215752279.html","article_id":"2208206318","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2208206318","pubTimestamp":1643928769,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"(Reuters) - Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite","COMP":"Compass, Inc.",".SPX":"S&P 500 Index",".DJI":"道琼斯","AAPL":"苹果"},"translate_title":"美国股市--随着脸书预测停止科技主导的复苏，华尔街结束了胜利","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"FB":0.9,"AAPL":0.6,"COMP":0.6},"content_text":"(Reuters) - Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks ending lower after Facebook-owner Meta Platforms' dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from other big tech.Meta shares sank 26.4%, wiping around more than $200 billion off its market value, according to Reuters calculations, as it blamed Apple's privacy changes and increased competition from rivals such as TikTok for its disappointing outlook https://www.reuters.com/technology/facebook-owner-meta-forecasts-q1-revenue-below-estimates-2022-02-02.The decline in market capitalization was the largest ever recorded by a U.S. company in a single session, eclipsing when Apple Inc shed $180 billion on Sept. 3, 2020.In turn, Meta's performance eliminated 0.9% of the Nasdaq's value and cut the S&P 500's combined worth by 0.6%, according to Reuters calculations. The exchanges, respectively, suffered their worst daily falls since September 2020 and February 2021.Shares of other social media companies also took a beating. Twitter Inc dropped 5.6%, while Pinterest Inc and Snap Inc slumped 10.3% and 23.6% respectively ahead of reporting their own earnings after the bell.Big tech stocks such as Alphabet Inc and Microsoft Corp fell more than 3%, while Amazon.com Inc slumped 7.8%, before it was scheduled to release results.\"As we've gotten numbers in recent days, what we're seeing is the delivery of earnings being rewarded or penalized, and if you continue to deliver strong earnings growth, the market will reward that,\" said Maxwell Grinacoff, U.S. equity & derivatives strategist at BNP Paribas.\"In a rising rate environment, as we progress through the year, we expect to see more divergence between the higher quality names, such as the megacaps, and lower quality names which are not making any money.\"Financial technology companies saw a second day of selling, after PayPal Holdings Inc's disappointing earnings on Tuesday caused investors to question if these firms - which benefited significantly from the pandemic advancing the shift to digital payments - would justify steep valuations in 2022.PayPal dropped 6.2%, while peers Block Inc, Affirm Holdings Inc and SoFi Technologies slipped between 4.9% and 11%.Tech stocks have enjoyed a dominant period amid low interest rates, as investors sought out high growth, but with inflation rising and the U.S. Federal Reserve signaling an aggressive rate-hike stance to rein it in, money managers are having to adjust portfolios accordingly.\"People are going to start increasing allocations to value stocks, and to do that they will have to sell their growth stocks, even if they are down 15% to 30%,\" said Jack Murphy, co-chief investment officer of Easterly Investment Partners.The Dow Jones Industrial Average fell 518.17 points, or 1.45%, to 35,111.16, the S&P 500 lost 111.94 points, or 2.44%, to 4,477.44 and the Nasdaq Composite dropped 538.73 points, or 3.74%, to 13,878.82.Communication services was the worst performer of the major S&P 500 sectors, weighed by Meta's performance.One of the few bright spots among its sector constituents was T-Mobile US Inc, which advanced 10.2% after posting both positive numbers and outlook.The CBOE volatility index, Wall Street's fear gauge, moved up after hitting a near three-week low in the previous session.Adding to the market's woes was a second rate hike by the Bank of England and a hawkish pivot by the European Central Bank's President Christine Lagarde.Meanwhile, the number of Americans filing new claims for unemployment benefits fell more than expected last week as COVID-19 infections subsided, suggesting that an anticipated slowdown in job growth in January was likely temporary.Volume on U.S. exchanges was 10.85 billion shares, compared with the 12.37 billion average for the full session over the last 20 trading days.The S&P 500 posted 29 new 52-week highs and six new lows; the Nasdaq Composite recorded 34 new highs and 149 new lows.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9098378405,"gmtCreate":1644032948454,"gmtModify":1676533884615,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1},"htmlText":"Nasdaq has hit countless ATH last year mainly due to massive QE and ultra loose monetary policy. Now she is coming under triple whammy with 40-yearhigh inflation rate, interest rate hikes and FED tapering her $9 trillion balance sheet. Retail investors can pivot and pay some attentions on the China markets&nbsp;after last&nbsp;year correction. Just as&nbsp;an illustration,&nbsp;BABA is now&nbsp;looking increasing attractive after falling from 52-week high of HK269 to near 52-week low of HK120 with PE at 17X. BABA drastic fall was mainly due to the aborted ANT IPO in late 2020 and related $2.8 billion fine, and anti-monopoly investigation last year.&nbsp;In general, these bad news already priced in. Her prospect is still intact albeit increasing competition in the e-commerce sector. Can exp","listText":"Nasdaq has hit countless ATH last year mainly due to massive QE and ultra loose monetary policy. Now she is coming under triple whammy with 40-yearhigh inflation rate, interest rate hikes and FED tapering her $9 trillion balance sheet. Retail investors can pivot and pay some attentions on the China markets&nbsp;after last&nbsp;year correction. Just as&nbsp;an illustration,&nbsp;BABA is now&nbsp;looking increasing attractive after falling from 52-week high of HK269 to near 52-week low of HK120 with PE at 17X. BABA drastic fall was mainly due to the aborted ANT IPO in late 2020 and related $2.8 billion fine, and anti-monopoly investigation last year.&nbsp;In general, these bad news already priced in. Her prospect is still intact albeit increasing competition in the e-commerce sector. Can exp","text":"Nasdaq has hit countless ATH last year mainly due to massive QE and ultra loose monetary policy. Now she is coming under triple whammy with 40-yearhigh inflation rate, interest rate hikes and FED tapering her $9 trillion balance sheet. Retail investors can pivot and pay some attentions on the China markets after last year correction. Just as an illustration, BABA is now looking increasing attractive after falling from 52-week high of HK269 to near 52-week low of HK120 with PE at 17X. BABA drastic fall was mainly due to the aborted ANT IPO in late 2020 and related $2.8 billion fine, and anti-monopoly investigation last year. In general, these bad news already priced in. Her prospect is still intact albeit increasing competition in the e-commerce sector. Can exp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098378405","repostId":2208206318,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091743663,"gmtCreate":1643950036151,"gmtModify":1676533875574,"author":{"id":"3572923586954779","authorId":"3572923586954779","name":"LimLS","avatar":"https://static.tigerbbs.com/217b03b0c4808fb537070ba4e8f9d83f","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Very volatile times in the market now. Huge gains and losses in just matter of days. There is no point to try predict the short term movement now. Better to put our focus on the long term. Look through the earnings from several companies and bet on those that will most likely come out of this mess stronger after 6-18 months. Forget about chasing after short term gains. It's purely gambling. Getting it wrong once might just wipe out all the gains we work hard for.","listText":"Very volatile times in the market now. Huge gains and losses in just matter of days. There is no point to try predict the short term movement now. Better to put our focus on the long term. Look through the earnings from several companies and bet on those that will most likely come out of this mess stronger after 6-18 months. Forget about chasing after short term gains. It's purely gambling. Getting it wrong once might just wipe out all the gains we work hard for.","text":"Very volatile times in the market now. Huge gains and losses in just matter of days. There is no point to try predict the short term movement now. Better to put our focus on the long term. Look through the earnings from several companies and bet on those that will most likely come out of this mess stronger after 6-18 months. Forget about chasing after short term gains. It's purely gambling. Getting it wrong once might just wipe out all the gains we work hard for.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091743663","repostId":2208206318,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091756428,"gmtCreate":1643948216956,"gmtModify":1676533875334,"author":{"id":"4099285253763630","authorId":"4099285253763630","name":"Steven Tay","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091756428","repostId":2208206318,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091727116,"gmtCreate":1643946826658,"gmtModify":1676533875192,"author":{"id":"3581724772671504","authorId":"3581724772671504","name":"Uasbau","avatar":"https://static.tigerbbs.com/67cdf409f2239595269918513a5faac9","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"A volatile market indeed with VIX S&amp;P500 up by 10.24% at 24.34","listText":"A volatile market indeed with VIX S&amp;P500 up by 10.24% at 24.34","text":"A volatile market indeed with VIX S&P500 up by 10.24% at 24.34","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091727116","repostId":2208206318,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091727027,"gmtCreate":1643946746736,"gmtModify":1676533875191,"author":{"id":"4098943201642940","authorId":"4098943201642940","name":"AlfonsoDex","avatar":"https://community-static.tradeup.com/news/3c3dacba85c0b4dfd791bb1be953f1ec","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091727027","repostId":2208206318,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":633867401,"gmtCreate":1643946525626,"gmtModify":1676532678953,"author":{"id":"3575499385722971","authorId":"3575499385722971","name":"bobbylim","avatar":"https://static.tigerbbs.com/1d9753dcafa04623c0e98c0bcaa291ae","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/633867401","repostId":2208206318,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1173,"commentSize":114,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2208206318"}