On the SPOT blog (10/26/2022) [G..]
- Salyl Bhagwat
- Oct 26, 2022
- 3 min read
Alphabet and Microsoft both seemed to have delivered what appears to be ominous results for the big tech. MSFT reported slowing growth in its Cloud business and also issued a relatively weak guidance. Alphabet missed on its top and bottom line. These two were enough to take Nasdaq and S&P500 indices down. Visa reported good results that might have triggered a rally for Dow but it also gave up most of the gains and barely finished in green as Treasury yields rose.
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