Market Update:
The US markets at close showed mixed figures as dow jones and S&P slip red while Nasdaq maintains to stay green as tech stocks surged over 6% after hours.
Big Tech Doesn’t Disappoint !
Revs up 11% & ad rev up 10%
Growth in first 3 wks of July at Q2 level
Stock +5%
AMAZON
Q2rev +40% YoY
AWS revs +29%
Stock +6.5%
Alphabet Q2 revs of $38.3 bn
Ad revs -8%, above estimates
Stock flat
Highlights Of Global Markets:
- Nasdaq at close was up by 45 points to close at 10588.
- Dow Jones closed down by 226 points to 26314.
- S&P down by 12.26 points to 3246 at market closing.
- Gold in the US markets was trading at $1946 at close.
- The US markets earlier opened weak yesterday on weak GDP data.
- President Trump suggested to delay the elections as of now.
- Apple, Amazon and Facebook surged over 6% each after strong and better than expected results.
- SGX Nifty opening by gaining 45 points at 11146.50 or up by 0.41%, Positive opening to be seen in the D-Street.
