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Mixed on Wall Street – tech giants rise

» Published: 29 October 2024

Mixed on Wall Street – tech giants rise
Photo: Peter Morgan/AP/TT

Leading indexes on the stock exchange in the USA went in different directions on Tuesday – with rising technology shares compensating for the declines of, among others, Ford and DR Horton after their latest quarterly reports.

The Dow Jones industrial index fell 0.4 percent, while the broad S&P 500 and Nasdaq's technology-heavy composite index rose 0.2 percent and 0.8 percent, respectively.

Prior to Tuesday's reporting of its quarterly report, Alphabet rose 1.7 percent.

On Wednesday, tech giants such as Meta, up 2.6 percent, Microsoft, plus 1.3 percent, will release their reports, while Apple, up 0.1 percent, will release its report on Thursday.

The automotive concern Ford fell 8.4 percent after full-year forecasts were lowered.

Among the reporting companies of the day, the fast-food chain McDonald's lost 0.6 percent, after the company reported unexpectedly low sales during the third quarter of the year. The construction company DR Horton sank 7.1 percent.

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By TTThis article has been altered and translated by Sweden Herald

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