![]() ![]() Sundar Pichai, CEO of Alphabet and Google, stated, “In the second quarter our performance was driven by Search and Cloud. With that, Shares of GOOGL stock don’t seem much affected as they are actually up over 6% at $111.45 on Wednesday morning. This beats the $56.14 billion consensus estimates from analysts. In detail, they posted ad revenue at $56.29 billion for the quarter. The company did beat estimates on ad revenue. Though, it wasn’t all bad for the tech giant. As a result, Alphabet missed earnings estimates and revenue. In comparison with, the consensus earnings estimates of $1.27 per share on revenue of $70.8 billion. Specifically, Google notched earnings of $1.21 per share on revenue of $69.7 billion. In it, the company fell short of analysts’ expectations on earnings and revenue. Yesterday, Alphabet ( NASDAQ: GOOGL) the parent company for Google reported its second quarter fiscal earnings report. Top Stock Market News For Today July 27, 2022Īlphabet (GOOGL) Stock Rallies Despite Earnings & Revenue Miss This means all eyes will be on Fed Chair Jerome Powell’s news conference n the stock market on Wednesday. It’s important to highlight, that this is the last Fed meeting till September. That announcement will be reported on Wednesday at 2 pm E.T. The consensus estimates on the street is the Fed will increase interest rates by 75 basis points. Moving on, the Federal Reserve will conclude its two-day meeting on Wednesday. Treasury yield is at 2.76% during the Wednesday morning trading session. Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust ( NASDAQ: QQQ) has gained by 2.67% while the SPDR S&P 500 ETF ( NYSEARCA: SPY) is also trading higher by 1.38%. The benchmark 10-year U.S. The S&P 500 & Dow and Nasdaq are all trading higher at 1.34%, 0.41%, and 2.48%, respectively. Treasury Yield Drops To 2.75% Two-Day Fed Meeting Concludesįollowing the stock market opening on Wednesday, the major indices opened in the green. Chinese EV leaders like Nio ( NYSE: NIO) and Li Auto Inc. ( NASDAQ: LI) are trading mixed on Wednesday. Lucid Group ( NASDAQ: LCID) dropped another 0.91% on Wednesday. Rival EV companies like Rivian ( NASDAQ: RIVN) are trading lower by 1.69%. Shares of EV leader Tesla ( NASDAQ: TSLA) spiked on Wednesday by 3.96% at $807.33 per share. Among the Dow financial leaders, shares of Visa ( NYSE: V) and Goldman Sachs ( NYSE: GS) are trading higher on Wednesday morning. Meanwhile, shares of Home Depot ( NYSE: HD), and Nike ( NYSE: NKE) shares are mixed on Wednesday. The company reported its fourth quarter 2022 fiscal results on Tuesday afternoon. Compared to Wall Street’s consensus earnings estimate of $1.36 per share on revenue of $4.8 billion.Īmong the Dow Jones leaders, shares of Apple ( NASDAQ: AAPL) are up 1.65% on Wednesday, while Microsoft ( NASDAQ: MSFT) is also trading higher by 4.70%. In detail, Waste Management (WM) reported earnings per share of $1.44 on revenue of $5.0 billion. Shares of WM stock are up 2.56% at $158.98 per share. Meanwhile, WM stock is moving higher on Wednesday following an earnings beat for this quarter. Wall Street’s consensus earnings estimate was a loss of $0.08 per share on revenue of $17.5 billion. In the earnings report, Boeing reported a loss of $0.37 per share on a revenue of $16.7 billion. BA stock is currently trading at $157.19 per share. ![]() Shares of BA stock gained 1.00% on Wednesday morning after the company’s quarterly report fell short of analyst expectations. ( NYSE: BA) and Waste Management Inc. ( NYSE: WM) are also noteworthy. You can see why investors are watching the stock market news headlines closely on Wednesday.Įarnings on Wednesday morning from top companies such as Boeing Co. This week has arguably been the busiest and arguably the most important week of corporate earnings investors will receive in 2022. That meeting is set to be held on Wednesday afternoon at 2 p.m. As well as, investors waiting anxiously to see what the Federal Reserve will do with interest rates this time around. This comes on the heels of big tech earnings from companies like Alphabet ( NASDAQ: GOOGL) and Microsoft. On Wednesday, the Dow Jones Industrial Average is up over 141 points. ![]() Stock Market Today Mid-Morning Market Updates ![]()
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