{"id":103,"date":"2023-01-25T20:25:53","date_gmt":"2023-01-26T01:25:53","guid":{"rendered":"https:\/\/embarrdowns.com\/?p=103"},"modified":"2023-01-25T20:25:54","modified_gmt":"2023-01-26T01:25:54","slug":"us-stocks-lower-amid-microsoft-boeing-earnings-google-antitrust-suit","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/us-stocks-lower-amid-microsoft-boeing-earnings-google-antitrust-suit\/","title":{"rendered":"US Stocks Lower Amid Microsoft, Boeing Earnings & Google Antitrust Suit"},"content":{"rendered":"

U.S. stocks were trading lower Wednesday, with Microsoft Corporation (NASDAQ:MSFT) and Boeing Co (NYSE:BA) leading the charge, after both companies reported less than stellar results and outlooks for the quarter and the year.[0]<\/a><\/sup> Microsoft shares lost nearly 3%, while Boeing was down over 2% in pre-market trading.<\/p>\n

Microsoft (MSFT) shares fell 1.3% premarket after reporting its slowest sales growth in more than six years, with revenue of $52.75 billion, below the consensus of $52.93 billion. The company also forecasted that Q3 sales in its Azure cloud-computing business will slow by 4 or 5 points from the end of Q2.[1]<\/a><\/sup> Following Microsoft\u2019s earnings report, Guggenheim analyst John DiFucci issued a sell rating on Microsoft, the first since three years ago.[2]<\/a><\/sup> Analysts on average expect Azure sales to increase 34% this year and then slow to 27% next year.[3]<\/a><\/sup><\/p>\n

Boeing (BA) was also another major company whose earnings disappointed, and premarket investors apparently saw that combination as a bit too much for a market that was already pulling back yesterday from its January rally.[4]<\/a><\/sup> Boeing reported a surprise fourth-quarter loss attributed mostly to production delays with its 777-9.[0]<\/a><\/sup> BA shares were down more than -2% in pre-market trading after reporting Q4 revenue of $19.98 billion, weaker than the consensus of $20.01 billion.<\/p>\n

The Justice Department is also set to sue Google (GOOG) as soon as Tuesday, regarding the search giant\u2019s dominance over the digital advertising market.[5]<\/a><\/sup><\/p>\n

International markets are showing varied results.[1]<\/a><\/sup> The Euro Stoxx 50 index decreased by 0.73%, while Japan’s Nikkei Stock index finished with an increase of 0.35%.[1]<\/a><\/sup> At the end of Wednesday’s trading session, stocks in the Asia-Pacific region finished with mixed results. The Japan Nikkei 225 index increased for the fifth consecutive day.[6]<\/a><\/sup> After the Lunar New Year holidays, the markets in South Korea and Singapore saw a notable increase, as they sought to compensate for the advances made in other markets in the region.[6]<\/a><\/sup><\/p>\n

As investors await more earnings reports and news from the Justice Department, stock futures dropped in early trading on Wednesday, while fixed income markets bounced, hinting at a cautious trading day.[7]<\/a><\/sup><\/p>\n

0. <\/span>“Nasdaq set to lead market lower after Microsoft forecasts softer demand” MarketWatch, 25 Jan. 2023, https:\/\/www.marketwatch.com\/story\/nasdaq-set-to-lead-market-lower-after-microsoft-forecasts-softer-demand-11674640349<\/a><\/a><\/p>\n

1. <\/span>“Markets Today: Stock Indexes Fall as Microsoft Warns of Weaker Revenue Growth” Barchart, 25 Jan. 2023, https:\/\/www.barchart.com\/story\/news\/13586195\/markets-today-stock-indexes-fall-as-microsoft-warns-of-weaker-revenue-growth<\/a><\/a><\/p>\n

2. <\/span>“Microsoft Investors Worried Recession Could Deliver Big Hit” TheWrap, 24 Jan. 2023, https:\/\/www.thewrap.com\/microsoft-investors-recession-hit-cloud-business-slows<\/a><\/a><\/p>\n

3. <\/span>“Microsoft\u2019s Stock-Market Halo Fades as Recession Doubts Creep In” Yahoo! Voices, 24 Jan. 2023, https:\/\/www.yahoo.com\/now\/microsoft-stock-market-halo-fades-111126627.html<\/a><\/a><\/p>\n

4. <\/span>“Clouds Gather: Stocks Sag After Microsoft Takes a Hit…” The Ticker Tape, 25 Jan. 2023, https:\/\/tickertape.tdameritrade.com\/market-news\/clouds-gather-stocks-sag-after-microsoft-takes-a-hit-on-guidance-and-boeing-s-earnings-lose-altitude-19373<\/a><\/a><\/p>\n

5. <\/span>“North American Morning Briefing: Microsoft Warning Dents Mood” Morningstar, 25 Jan. 2023, https:\/\/www.morningstar.com\/news\/dow-jones\/202301252762\/north-american-morning-briefing-microsoft-warning-dents-mood<\/a><\/a><\/p>\n

6. <\/span>“Nasdaq Futures Slump As Microsoft’s Outlook Dampens Tech Recovery Hopes \u2014 Analyst Warns Of More Bumpiness” Benzinga, 25 Jan. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/01\/30563847\/nasdaq-futures-slump-as-microsofts-outlook-dampens-tech-recovery-expectations-analyst-warns-of-more<\/a><\/a><\/p>\n

7. <\/span>“Dow drops 400 points, Nasdaq sheds 2% after Microsoft’s dismal guidance” CNBC, 25 Jan. 2023, https:\/\/www.cnbc.com\/2023\/01\/24\/stock-market-news-live-updates-futures-open-to-close.html<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. stocks were trading lower Wednesday, with Microsoft Corporation (NASDAQ:MSFT) and Boeing Co (NYSE:BA) leading the charge, after both companies reported less than stellar results and outlooks for the quarter and the year.[0]<\/a><\/sup> Microsoft shares lost nearly 3%, while Boeing was down over 2% in pre-market trading.<\/p>\n

Microsoft (MSFT) shares fell 1.3% premarket after reporting its slowest sales growth in more than six years, with revenue of $52.75 billion, below the consensus of $52.93 billion. The company also forecasted that Q3 sales in its Azure cloud-computing business will slow by 4 or 5 points from the end of Q2.[1]<\/a><\/sup> Following Microsoft\u2019s earnings report, Guggenheim analyst John DiFucci issued a sell rating on Microsoft, the first since three years ago.[2]<\/a><\/sup> Analysts on average expect Azure sales to increase 34% this year and then slow to 27% next year.[3]<\/a><\/sup><\/p>\n

Boeing (BA) was also another major company whose earnings disappointed, and premarket investors apparently saw that combination as a bit too much for a market that was already pulling back yesterday from its January rally.[4]<\/a><\/sup> Boeing reported a surprise fourth-quarter loss attributed mostly to production delays with its 777-9.[0]<\/a><\/sup> BA shares were down more than -2% in pre-market trading after reporting Q4 revenue of $19.98 billion, weaker than the consensus of $20.01 billion.<\/p>\n

The Justice Department is also set to sue Google (GOOG) as soon as Tuesday, regarding the search giant\u2019s dominance over the digital advertising market.[5]<\/a><\/sup><\/p>\n

International markets are showing varied results.[1]<\/a><\/sup> The Euro Stoxx 50 index decreased by 0.73%, while Japan’s Nikkei Stock index finished with an increase of 0.35%.[1]<\/a><\/sup> At the end of Wednesday’s trading session, stocks in the Asia-Pacific region finished with mixed results. The Japan Nikkei 225 index increased for the fifth consecutive day.[6]<\/a><\/sup> After the Lunar New Year holidays, the markets in South Korea and Singapore saw a notable increase, as they sought to compensate for the advances made in other markets in the region.[6]<\/a><\/sup><\/p>\n

As investors await more earnings reports and news from the Justice Department, stock futures dropped in early trading on Wednesday, while fixed income markets bounced, hinting at a cautious trading day.[7]<\/a><\/sup><\/p>\n

0. <\/span>“Nasdaq set to lead market lower after Microsoft forecasts softer demand” MarketWatch, 25 Jan. 2023, https:\/\/www.marketwatch.com\/story\/nasdaq-set-to-lead-market-lower-after-microsoft-forecasts-softer-demand-11674640349<\/a><\/a><\/p>\n

1. <\/span>“Markets Today: Stock Indexes Fall as Microsoft Warns of Weaker Revenue Growth” Barchart, 25 Jan. 2023, https:\/\/www.barchart.com\/story\/news\/13586195\/markets-today-stock-indexes-fall-as-microsoft-warns-of-weaker-revenue-growth<\/a><\/a><\/p>\n

2. <\/span>“Microsoft Investors Worried Recession Could Deliver Big Hit” TheWrap, 24 Jan. 2023, https:\/\/www.thewrap.com\/microsoft-investors-recession-hit-cloud-business-slows<\/a><\/a><\/p>\n

3. <\/span>“Microsoft\u2019s Stock-Market Halo Fades as Recession Doubts Creep In” Yahoo! Voices, 24 Jan. 2023, https:\/\/www.yahoo.com\/now\/microsoft-stock-market-halo-fades-111126627.html<\/a><\/a><\/p>\n

4. <\/span>“Clouds Gather: Stocks Sag After Microsoft Takes a Hit…” The Ticker Tape, 25 Jan. 2023, https:\/\/tickertape.tdameritrade.com\/market-news\/clouds-gather-stocks-sag-after-microsoft-takes-a-hit-on-guidance-and-boeing-s-earnings-lose-altitude-19373<\/a><\/a><\/p>\n

5. <\/span>“North American Morning Briefing: Microsoft Warning Dents Mood” Morningstar, 25 Jan. 2023, https:\/\/www.morningstar.com\/news\/dow-jones\/202301252762\/north-american-morning-briefing-microsoft-warning-dents-mood<\/a><\/a><\/p>\n

6. <\/span>“Nasdaq Futures Slump As Microsoft’s Outlook Dampens Tech Recovery Hopes \u2014 Analyst Warns Of More Bumpiness” Benzinga, 25 Jan. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/01\/30563847\/nasdaq-futures-slump-as-microsofts-outlook-dampens-tech-recovery-expectations-analyst-warns-of-more<\/a><\/a><\/p>\n

7. <\/span>“Dow drops 400 points, Nasdaq sheds 2% after Microsoft’s dismal guidance” CNBC, 25 Jan. 2023, https:\/\/www.cnbc.com\/2023\/01\/24\/stock-market-news-live-updates-futures-open-to-close.html<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/103"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=103"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/103\/revisions"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}