Latest News

Alphabet earnings top estimates as online advertising remains robust

0

Reuters

Wall Street closes at record but Facebook weighs

U.S. stock indexes closed modestly higher on Tuesday, with the Dow Industrials and S&P 500 hitting fresh records, and gains were subdued as Facebook shares fell in the wake of its quarterly earnings. Facebook Inc, down 3.92%, was the biggest drag on the S&P 500 and Nasdaq, after the company warned that Apple Inc’s new privacy changes would weigh on its digital business. “Facebook has other issues, certainly the earnings report wasn’t as stellar,” said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.

Alphabet reports better-than-expected quarterly profit and revenue

Previous article

Robinhood shares tank as revenue falls way short of expectations on lighter crypto trading

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News