US stock market report – Apple & Facebook crush expectations
US markets are in the thick of reporting season, with Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB) stock responding to earnings overnight.
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Formerly Facebook, Meta Platforms (NASDAQ: META) is ‘The Social Network’, with more than 3 billion active users across its three platforms of Facebook.com, WhatsApp and Instagram. It generates most of its revenue from targeted advertising on its platforms. It also owns virtual reality headset company Oculus.
US markets are in the thick of reporting season, with Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB) stock responding to earnings overnight.
US markets snapped their winning streak overnight, the Nasdaq falling 1% with little in the way of news being released to start the week.
Both the S&P 500 and Dow Jones finished the week at record highs, jumping 0.4% and 0.5% respectively on Friday. Here’s the latest.
The US stock markets ended higher overnight. Leading the S&P 500 (INX) and NASDAQ 100 (NDX) was Amazon.com (AMZN) and Tesla (TSLA) stock.
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The ASX 200 (ASX:XJO) is set to open higher on Tuesday. Treasury Wine (ASX:TWE), Santos (ASX:STO) and Nuix (ASX:NXL) shares are making headlines.
Seven West Media Ltd (ASX: SWM) served up positive half-year (HY21) results this morning. What does this mean for its share price?
The S&P/ASX 200 (INDEXASX:XJO) is expected to open flat on Monday. News Corporation (ASX:NWS) and REA Group (ASX:REA) shares are in the news.
Sezzle Inc (ASX: SZL) released its final quarterly update packed with growing metrics. What does this mean for the future?