Big Tech Stocks Sink With Meta Down 15%
Tiger Newspress04-25
Big Tech Stocks in morning trading. Meta fell 15%; Alphabet, Microsoft and Amazon fell about 5%; while Apple rose 0.6%.
Earnings reports are expected after the closing bell Thursday from Microsoft and Alphabet .
Microsoft is forecast by analysts to report fiscal third-quarter earnings of $2.82 a share on revenue of $60.9 billion. The focus for investors in Microsoft’s report likely will be on the cloud and the company’s push to make money from artificial intelligence.
Google parent Alphabet, meanwhile, is expected by Wall Street to report first-quarter earnings of $1.51 a share on revenue of $78.7 billion, up 13% from a year earlier.
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