• 772
  • 392
  • 收藏

Wall Street closes at record but Facebook weighs

Reuters2021-10-27

NEW YORK (Reuters) - U.S. stock indexes closed modestly higher on Tuesday, with the Dow Industrials and S&P 500 hitting fresh records, and gains were subdued as Facebook shares fell in the wake of its quarterly earnings.

Facebook Inc, down 3.92%, was the biggest drag on the S&P 500 and Nasdaq, after the company warned that Apple Inc’s new privacy changes would weigh on its digital business. Shares of the social media company closed below its 200-day moving average for the first time since March 8, a technical support level that could indicate further declines.

“Facebook has other issues, certainly the earnings report wasn’t as stellar,” said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida.

“Then pile on the issues with the whistleblower, what they knew, what they didn’t know, how they set themselves up to benefit themselves even at the risk of kids and people that use the platform. That is going to kind of hang over it.”

However, the benchmark S&P index scored a new high, lifted by names with big market capitalizations. Nvidia Corp gained 6.70% to close at a record high of $247.17, while Amazon.com Inc advanced 1.68% and Apple rose 0.46%.

Support also came from a 6.95% advance in United Parcel Service Inc and a 2.03% rise in General Electric Co on the heels of their quarterly results.

The Dow Jones Industrial Average rose 15.73 points, or 0.04%, to 35,756.88; the S&P 500 gained 8.31 points, or 0.18%, at 4,574.79; and the Nasdaq Composite added 9.01 points, or 0.06%, at 15,235.72.

Earnings at S&P 500 companies are expected to grow 35.6% year-on-year in the third quarter, with market participants gauging how companies are navigating supply-chain bottlenecks, labor shortages and inflationary pressures.

“(The market) is getting tired. They ran them up ahead of earnings because everyone is expecting them to be good and robust, and they are ... but the market feels tired to me now way up here,” said Polcari.

While nearly all 11 S&P sectors rose on the session, defensive plays such as utilities and real estate were among the best performers, indicating some caution in the market.

After the closing bell, Microsoft Corp gained 1.29% while Google parent Alphabet Inc slipped 0.24% following their quarterly results.

Data showed U.S. consumer confidence unexpectedly rebounded in October as concerns about high inflation were offset by improving labor market prospects. A Commerce Department report showed sales of new single-family homes surged 14.0% in September.

Ross Mayfield, investment strategist at Baird in Louisville, Kentucky, said with indexes at or near record levels, a run of good economic data could increase investor concerns the Federal Reserve may pull its timeline for a rate hike forward.

The central bank’s next policy announcement is expected on Nov. 3 after a two-day meeting.

Shares of Hasbro Inc climbed 3.23% after the toy maker posted an upbeat third-quarter profit even as it warned of a hit to holiday sales from supply chain issues.

Declining issues outnumbered advancers on the NYSE by a 1.13-to-1 ratio; on Nasdaq, a 1.23-to-1 ratio favored decliners.

The S&P 500 posted 69 new 52-week highs and no new lows; the Nasdaq Composite recorded 144 new highs and 79 new lows.

Volume on U.S. exchanges was 12.34 billion shares, compared with the 10.41 billion average for the full session over the last 20 trading days.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论392

  • Proximus
    ·2021-10-28
    Great dip buy on FB. 
    回复
    举报
  • 67b9332
    ·2021-10-27
    Cool
    回复
    举报
  • james_l
    ·2021-10-27
    I guess we have to wait and see what metaverse looks like which is what facebook is planning as the next step.
    回复
    举报
  • Sohws
    ·2021-10-27
    Like pls
    回复
    举报
  • JayChoong
    ·2021-10-27
    Ok
    回复
    举报
  • NG1970
    ·2021-10-27
    Everyday using Facebook 
    回复
    举报
  • koolgal
    ·2021-10-27
    The indexes close higher on the back of good earnings reports from the major companies with the exception of Facebook. Perhaps it is time to buy Facebook on dip as it still has a long runway and wide moat. 👍😊
    回复
    举报
    收起
    • koolgal
      Thanks 👍😊
      2021-10-27
      回复
      举报
    • Piggys
      👍🍭
      2021-10-27
      回复
      举报
    • koolgal
      I agree.  Time to buy is NOW. 👍😊
      2021-10-27
      回复
      举报
    查看更多 2 条评论
  • hitithard
    ·2021-10-27
    Ok
    回复
    举报
  • GabyW
    ·2021-10-27
    Wow
    回复
    举报
    收起
    • hitithard
      Ok
      2021-10-27
      回复
      举报
    • GabyW
      Wow
      2021-10-27
      回复
      举报
  • Hesliut
    ·2021-10-27
    Like pls
    回复
    举报
  • newtoUS
    ·2021-10-27
    Ok
    回复
    举报
  • Yugi
    ·2021-10-27
    Like 
    回复
    举报
    收起
    • Singman
      like too
      2021-10-27
      回复
      举报
    • Yugi
      ,
      2021-10-27
      回复
      举报
  • Diamondhand6
    ·2021-10-27
    K
    回复
    举报
    收起
    • jejesss
      ok
      2021-10-27
      回复
      举报
  • pangchingwen
    ·2021-10-27
    good
    回复
    举报
    收起
  • Wroy
    ·2021-10-27
    like pls
    回复
    举报
    收起
  • MoonMoon
    ·2021-10-27
    Like
    回复
    举报
    收起
    • Wroy
      liked
      2021-10-27
      回复
      举报
  • MrHuattt
    ·2021-10-27
    H
    回复
    举报
    收起
    • Hesliut
      J
      2021-10-27
      回复
      举报
    • MrHuattt
      I
      2021-10-27
      回复
      举报
  • Philip67
    ·2021-10-27
    👍
    回复
    举报
    收起
    • Angel3
      [Smile]
      2021-10-27
      回复
      举报
  • TC93
    ·2021-10-27
    Good
    回复
    举报
    收起
    • FinFree
      ok
      2021-10-27
      回复
      举报
    • limyb
      ok
      2021-10-27
      回复
      举报
  • Andr3
    ·2021-10-27
    Like
    回复
    举报
    收起
    • gsz
      ok
      2021-10-27
      回复
      举报
    • TC93
      Ok
      2021-10-27
      回复
      举报
 
 
 
 

热议股票

 
 
 
 
 

7x24