(Bloomberg) — Stocks dropped as a flurry of negative earnings updates tested the recent bullish mood among investors. The dollar gained.
Most Read from Bloomberg
BMW AG fell more than 6% as auto stocks led declines in European equities, after the car maker warned of rising costs. Hedge fund firm Man Group Plc slumped as core net revenue missed estimates. Disappointing guidance dragged down logistics giant DHL Group, while miners fell on weak China data.
US equities futures were lower after the S&P 500 closed at a 16-month high on Monday, while the Nasdaq 100 notched its longest streak of monthly gains since August 2020. Zoominfo Technologies Inc. slumped 20% in premarket trading after the software company cut its revenue forecast.
HSBC Holdings Plc provided one of the bright spots in Tuesday’s company results, rising after the bank announced a new share repurchase program and earnings that outpaced estimates. BP Plc rose as its dividend and buyback outweighed disappointing…
2023-08-01 04:51:08
Original from finance.yahoo.com
rnrn
(Bloomberg) — Stocks dropped as a flurry of negative earnings updates tested the recent bullish mood among investors. The dollar gained.
Most Read from Bloomberg
BMW AG fell more than 6% as auto stocks led declines in European equities, after the car maker warned of rising costs. Hedge fund firm Man Group Plc slumped as core net revenue missed estimates. Disappointing guidance dragged down logistics giant DHL Group, while miners fell on weak China data.
US equities futures were lower after the S&P 500 closed at a 16-month high on Monday, while the Nasdaq 100 notched its longest streak of monthly gains since August 2020. Zoominfo Technologies Inc. slumped 20% in premarket trading after the software company cut its revenue forecast.
HSBC Holdings Plc provided one of the bright spots in Tuesday’s company results, rising after the bank announced a new share repurchase program and earnings that outpaced estimates. BP Plc rose as its dividend and buyback outweighed disappointing…
2023-08-01 04:51:08
Original from finance.yahoo.com
rnrn