![]() "This earnings season has been about pricing momentum and whether consumers are able to handle surging costs," said Ed Moya, senior market analyst at Oanda. ![]() Of the names that have posted quarterly updates, 83% have topped earnings expectations, while 79% have exceeded revenue estimates. So far roughly 38% of the S&P 500 has reported earnings. Twitter shares also fell 10.7% on concerns about expense guidance, despite strong earnings. Robinhood shares were getting slammed, down 10.4% the day after the trading app reported revenue well below expectations primarily due to weakness in crypto trading. Boeing saw its stock fall 1.5% after the aircraft maker posted a wider-than-expected loss. General Motors shares fell 5.4% even after the industrial giant topped Wall Street's earnings and revenue estimates for the third quarter. Plus, the Justice Department is investigating Visa's relationship with financial-technology firms, sources familiar with the matter told Dow Jones. Visa's stock slipped 6.9% after the company issued a revenue outlook that some analysts considered conservative. Google-parent Alphabet also popped 4.9% following a stronger-than-expected quarterly report. Microsoft shares jumped 4.2% after the tech company reported earnings that exceeded analysts' estimates and the fastest revenue growth since 2018. ![]()
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