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- nounou
  ·2021-10-24
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  Google earnings aren't as exposed to Apple change that sunk Snap, but Alphabet has its own worries
  Alphabet earnings preview: Antitrust issues could start to cost Google, which is already planning to
  Google earnings aren't as exposed to Apple change that sunk Snap, but Alphabet has its own worries
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- nounou
  ·2021-10-19
  a
  S&P, Nasdaq enjoy boost from big tech firms, Dow ends a hair lower
  * Disney slips after Barclays downgrades to 'equal weight'. Oct 18 - The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.After a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late morning with gains in FAANG stocks - $Facebook$ Inc, Apple, Amazon.com Inc
  S&P, Nasdaq enjoy boost from big tech firms, Dow ends a hair lower
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Google probably isn't as exposed as Snap (SNAP) because Google has invested heavily in developing aggregated measurement approaches to prepare for privacy changes, according to Wall Street analysts.</p>\n<p>\"Given Snap's size, maturity, and ad technology stack relative to the much larger, more experienced, industry leaders, we believe the company is more susceptible to these challenges,\" Monness, Crespi, Hardt &amp; Co.'s Brian J. White wrote of the privacy issues and supply-chain disruptions. \"That said, we doubt any company tied to digital ad spending will be immune to these issues, including <a href=\"https://laohu8.com/S/FB\">Facebook</a>, Alphabet, and others.\"</p>\n<p>Google's primary headache continues to be antitrust scrutiny both in the U.S. and abroad, which led the company to halve its app fees on Thursday -- a nod to saber rattling from developers, regulators and lawmakers to make Google's digital store more accessible and commission fees less punitive.</p>\n<p>A bipartisan bill in the U.S. Senate, the Open App Markets Act, would force the companies' app stores to let developers use other payment systems, potentially helping them opt out of default service fees. The bill, announced in August, came on the heels of an antitrust lawsuit from attorneys general in 36 states and the District of Columbia that claims Google abused its power over app developers through its Play Store on Android.</p>\n<p>\"We believe Alphabet is well-positioned for a continued recovery in digital ad spending and further momentum in the cloud; however, we anticipate antitrust investigations will carry on with great fanfare,\" Monness Crespi Hardt analyst White cautioned.</p>\n<p><b>What to expect</b></p>\n<p><b>Earnings: </b>Analysts on average expect Google to report earnings of $23.73 a share, up from $16.40 a share a year ago. Analysts were projecting $20.05 a share at the end of June.</p>\n<p>Contributors to Estimize -- a crowdsourcing platform that gathers estimates from Wall Street analysts as well as buy-side analysts, fund managers, company executives, academics and others -- are just as optimistic, projecting earnings of $23.73 a share on average.</p>\n<p><b>Revenue: </b>Analysts on average expect Google to report $52.31 billion in third-quarter revenue, excluding traffic acquisition costs <a href=\"https://laohu8.com/S/TAC\">$(TAC)$</a>, compared with $38 billion a year ago subtracting TAC. Estimize contributors predict $52.06 billion on average.</p>\n<p><b>Stock movement: </b>Google's stock has soared 56% so far this year, while the S&amp;P 500 index has increased 21%.</p>\n<p><b>What analysts are saying</b></p>\n<p>Google's exposure is further mitigated by a diverse revenue model that includes a multibillion-dollar cloud business and other bets. \"Google Cloud offers a uniquevalue proposition for enterprises given its ability to leverage consumer-related innovations (e.g., Google Maps, Google Assistant, Google Play, YouTube, Google Shopping, etc.) with its robust cloud offering,\" White said in an Oct. 13 note that rates Google shares as buy with a price target of $3,500.</p>\n<p>Cowen's John Blackledge remains \"bullish\" on the resilient strength of Google's powerhouse search business in the midst of an uncertain online ad market. \"We expect robust holiday spending despite inventory issues,\" Blackledge said in an Oct. 11 note that maintains an outperform rating on Alphabet shares and price target of $3,300.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle earnings aren't as exposed to Apple change that sunk Snap, but Alphabet has its own worries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-23 10:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/google-earnings-arent-as-exposed-to-apple-change-that-sunk-snap-but-alphabet-has-its-own-worries-11634943802?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alphabet earnings preview: Antitrust issues could start to cost Google, which is already planning to cut its app-store fees amid legal fight with 'Fortnite' maker\nGetty Images\nThe same factors that ...</p>\n\n<a href=\"https://www.marketwatch.com/story/google-earnings-arent-as-exposed-to-apple-change-that-sunk-snap-but-alphabet-has-its-own-worries-11634943802?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.marketwatch.com/story/google-earnings-arent-as-exposed-to-apple-change-that-sunk-snap-but-alphabet-has-its-own-worries-11634943802?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2177121214","content_text":"Alphabet earnings preview: Antitrust issues could start to cost Google, which is already planning to cut its app-store fees amid legal fight with 'Fortnite' maker\nGetty Images\nThe same factors that torpedoed Snap Inc.'s earnings results ominously linger as investors await Alphabet Inc. parent Google's financial results on Tuesday.\nGoogle (GOOGL) could be hindered by a change in Apple Inc.'s privacy policy that makes it harder to target and measure digital advertising as well as a choked global supply chain that has driven down ad spending. Google probably isn't as exposed as Snap (SNAP) because Google has invested heavily in developing aggregated measurement approaches to prepare for privacy changes, according to Wall Street analysts.\n\"Given Snap's size, maturity, and ad technology stack relative to the much larger, more experienced, industry leaders, we believe the company is more susceptible to these challenges,\" Monness, Crespi, Hardt & Co.'s Brian J. White wrote of the privacy issues and supply-chain disruptions. \"That said, we doubt any company tied to digital ad spending will be immune to these issues, including Facebook, Alphabet, and others.\"\nGoogle's primary headache continues to be antitrust scrutiny both in the U.S. and abroad, which led the company to halve its app fees on Thursday -- a nod to saber rattling from developers, regulators and lawmakers to make Google's digital store more accessible and commission fees less punitive.\nA bipartisan bill in the U.S. Senate, the Open App Markets Act, would force the companies' app stores to let developers use other payment systems, potentially helping them opt out of default service fees. The bill, announced in August, came on the heels of an antitrust lawsuit from attorneys general in 36 states and the District of Columbia that claims Google abused its power over app developers through its Play Store on Android.\n\"We believe Alphabet is well-positioned for a continued recovery in digital ad spending and further momentum in the cloud; however, we anticipate antitrust investigations will carry on with great fanfare,\" Monness Crespi Hardt analyst White cautioned.\nWhat to expect\nEarnings: Analysts on average expect Google to report earnings of $23.73 a share, up from $16.40 a share a year ago. Analysts were projecting $20.05 a share at the end of June.\nContributors to Estimize -- a crowdsourcing platform that gathers estimates from Wall Street analysts as well as buy-side analysts, fund managers, company executives, academics and others -- are just as optimistic, projecting earnings of $23.73 a share on average.\nRevenue: Analysts on average expect Google to report $52.31 billion in third-quarter revenue, excluding traffic acquisition costs $(TAC)$, compared with $38 billion a year ago subtracting TAC. Estimize contributors predict $52.06 billion on average.\nStock movement: Google's stock has soared 56% so far this year, while the S&P 500 index has increased 21%.\nWhat analysts are saying\nGoogle's exposure is further mitigated by a diverse revenue model that includes a multibillion-dollar cloud business and other bets. \"Google Cloud offers a uniquevalue proposition for enterprises given its ability to leverage consumer-related innovations (e.g., Google Maps, Google Assistant, Google Play, YouTube, Google Shopping, etc.) with its robust cloud offering,\" White said in an Oct. 13 note that rates Google shares as buy with a price target of $3,500.\nCowen's John Blackledge remains \"bullish\" on the resilient strength of Google's powerhouse search business in the midst of an uncertain online ad market. \"We expect robust holiday spending despite inventory issues,\" Blackledge said in an Oct. 11 note that maintains an outperform rating on Alphabet shares and price target of $3,300.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":850535884,"gmtCreate":1634607319008,"gmtModify":1634607396559,"author":{"id":"3575429264791401","authorId":"3575429264791401","name":"nou","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"a","listText":"a","text":"a","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850535884","repostId":"2176120817","repostType":4,"repost":{"id":"2176120817","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1634596829,"share":"https://www.laohu8.com/m/news/2176120817?lang=&edition=full","pubTime":"2021-10-19 06:40","market":"us","language":"en","title":"S&P, Nasdaq enjoy boost from big tech firms, Dow ends a hair lower","url":"https://stock-news.laohu8.com/highlight/detail?id=2176120817","media":"Reuters","summary":"* Disney slips after Barclays downgrades to 'equal weight'. Oct 18  - The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.After a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late morning with gains in FAANG stocks - $Facebook$ Inc, Apple, Amazon.com Inc","content":"<p>* Consumer discretionary sector leads S&amp;P gainers</p>\n<p>* Utilities lead S&amp;P sector losers</p>\n<p>* Disney slips after Barclays downgrades to 'equal weight'</p>\n<p>* Dow down 0.1%, S&amp;P up 0.34%, Nasdaq up 0.84% </p>\n<p>Oct 18 (Reuters) - The S&amp;P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.</p>\n<p>After a weak start following disappointing economic data from China, the S&amp;P and Nasdaq gathered steam in late morning with gains in FAANG stocks - <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, Apple, Amazon.com Inc, Netflix Inc, Alphabet Inc's Google - as well as Microsoft Corp.</p>\n<p>Apple shares closed 1% higher after the company made a splash by unveiling new Mac laptop computers with more powerful processor chips.</p>\n<p>Facebook shares, under pressure recently, closed up more than 3% with some positive reports out including its plans to create 10,000 jobs in Europe to help build the so-called metaverse - an online world.</p>\n<p>With just a small minority of companies having reported quarterly results so far, investors were hopeful for some good news in the days and weeks ahead.</p>\n<p>\"You're going to get a heavier slate of earnings reports this week from a diverse set of industries,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, adding, \"the path of least resistance remains higher going into earnings season for large-cap tech.\"</p>\n<p>The Dow Jones Industrial Average fell 36.15 points, or 0.1%, to 35,258.61, the S&amp;P 500 gained 15.09 points, or 0.34%, to 4,486.46 and the Nasdaq Composite added 124.47 points, or 0.84%, to 15,021.81.</p>\n<p>Forecast-beating results from big U.S. lenders last week had set a positive tone for third-quarter earnings season, with analysts expecting S&amp;P 500 earnings to show a 32% rise from a year ago, according to Refinitiv data.</p>\n<p>The solid start likely helped investors shrug off uneasiness from earlier in the day after China recorded its slowest pace of economic growth in a year for the third quarter, hurt by power shortages and wobbles in the property sector.</p>\n<p>Other top contributors to the S&amp;P's gains were Tesla Inc ahead of its earnings report this week, Amazon, which added 1% and chipmaker Nvidia Corp, which closed up 1.6%.</p>\n<p>While technology, closing up 0.9%, was the S&amp;P's top index point boost, consumer discretionary was the biggest percentage gainer, climbing 1.2% and communications services followed with a 0.7% gain.</p>\n<p>Johnson &amp; Johnson, Netflix, Verizon Communications Inc and oilfield services company Baker Hughes Co are also due to report quarterly results this week.</p>\n<p>But while mega tech gainers were strong enough to boost the S&amp;P and the Nasdaq, optimism was not widespread with four industry sectors closing in the red.</p>\n<p>Of the S&amp;P's 11 major sectors, seven closed higher. The biggest decliners were utilities, down 0.97%, and healthcare, down 0.7%.</p>\n<p>Shares of Walt Disney Co closed down 3% after Barclays downgraded the media giant's stock to \"equal weight\" from \"overweight.\"</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.24-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 65 new highs and 113 new lows.</p>\n<p>Volume on U.S. exchanges was 9.1 billion shares, compared with the 10.3 billion average for the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P, Nasdaq enjoy boost from big tech firms, Dow ends a hair lower</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P, Nasdaq enjoy boost from big tech firms, Dow ends a hair lower\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-10-19 06:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Consumer discretionary sector leads S&amp;P gainers</p>\n<p>* Utilities lead S&amp;P sector losers</p>\n<p>* Disney slips after Barclays downgrades to 'equal weight'</p>\n<p>* Dow down 0.1%, S&amp;P up 0.34%, Nasdaq up 0.84% </p>\n<p>Oct 18 (Reuters) - The S&amp;P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.</p>\n<p>After a weak start following disappointing economic data from China, the S&amp;P and Nasdaq gathered steam in late morning with gains in FAANG stocks - <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc, Apple, Amazon.com Inc, Netflix Inc, Alphabet Inc's Google - as well as Microsoft Corp.</p>\n<p>Apple shares closed 1% higher after the company made a splash by unveiling new Mac laptop computers with more powerful processor chips.</p>\n<p>Facebook shares, under pressure recently, closed up more than 3% with some positive reports out including its plans to create 10,000 jobs in Europe to help build the so-called metaverse - an online world.</p>\n<p>With just a small minority of companies having reported quarterly results so far, investors were hopeful for some good news in the days and weeks ahead.</p>\n<p>\"You're going to get a heavier slate of earnings reports this week from a diverse set of industries,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, adding, \"the path of least resistance remains higher going into earnings season for large-cap tech.\"</p>\n<p>The Dow Jones Industrial Average fell 36.15 points, or 0.1%, to 35,258.61, the S&amp;P 500 gained 15.09 points, or 0.34%, to 4,486.46 and the Nasdaq Composite added 124.47 points, or 0.84%, to 15,021.81.</p>\n<p>Forecast-beating results from big U.S. lenders last week had set a positive tone for third-quarter earnings season, with analysts expecting S&amp;P 500 earnings to show a 32% rise from a year ago, according to Refinitiv data.</p>\n<p>The solid start likely helped investors shrug off uneasiness from earlier in the day after China recorded its slowest pace of economic growth in a year for the third quarter, hurt by power shortages and wobbles in the property sector.</p>\n<p>Other top contributors to the S&amp;P's gains were Tesla Inc ahead of its earnings report this week, Amazon, which added 1% and chipmaker Nvidia Corp, which closed up 1.6%.</p>\n<p>While technology, closing up 0.9%, was the S&amp;P's top index point boost, consumer discretionary was the biggest percentage gainer, climbing 1.2% and communications services followed with a 0.7% gain.</p>\n<p>Johnson &amp; Johnson, Netflix, Verizon Communications Inc and oilfield services company Baker Hughes Co are also due to report quarterly results this week.</p>\n<p>But while mega tech gainers were strong enough to boost the S&amp;P and the Nasdaq, optimism was not widespread with four industry sectors closing in the red.</p>\n<p>Of the S&amp;P's 11 major sectors, seven closed higher. The biggest decliners were utilities, down 0.97%, and healthcare, down 0.7%.</p>\n<p>Shares of Walt Disney Co closed down 3% after Barclays downgraded the media giant's stock to \"equal weight\" from \"overweight.\"</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.24-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 65 new highs and 113 new lows.</p>\n<p>Volume on U.S. exchanges was 9.1 billion shares, compared with the 10.3 billion average for the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","DIS":"迪士尼","JNJ":"强生","COMP":"Compass, Inc.",".SPX":"S&P 500 Index","AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2176120817","content_text":"* Consumer discretionary sector leads S&P gainers\n* Utilities lead S&P sector losers\n* Disney slips after Barclays downgrades to 'equal weight'\n* Dow down 0.1%, S&P up 0.34%, Nasdaq up 0.84% \nOct 18 (Reuters) - The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.\nAfter a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late morning with gains in FAANG stocks - Facebook Inc, Apple, Amazon.com Inc, Netflix Inc, Alphabet Inc's Google - as well as Microsoft Corp.\nApple shares closed 1% higher after the company made a splash by unveiling new Mac laptop computers with more powerful processor chips.\nFacebook shares, under pressure recently, closed up more than 3% with some positive reports out including its plans to create 10,000 jobs in Europe to help build the so-called metaverse - an online world.\nWith just a small minority of companies having reported quarterly results so far, investors were hopeful for some good news in the days and weeks ahead.\n\"You're going to get a heavier slate of earnings reports this week from a diverse set of industries,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, adding, \"the path of least resistance remains higher going into earnings season for large-cap tech.\"\nThe Dow Jones Industrial Average fell 36.15 points, or 0.1%, to 35,258.61, the S&P 500 gained 15.09 points, or 0.34%, to 4,486.46 and the Nasdaq Composite added 124.47 points, or 0.84%, to 15,021.81.\nForecast-beating results from big U.S. lenders last week had set a positive tone for third-quarter earnings season, with analysts expecting S&P 500 earnings to show a 32% rise from a year ago, according to Refinitiv data.\nThe solid start likely helped investors shrug off uneasiness from earlier in the day after China recorded its slowest pace of economic growth in a year for the third quarter, hurt by power shortages and wobbles in the property sector.\nOther top contributors to the S&P's gains were Tesla Inc ahead of its earnings report this week, Amazon, which added 1% and chipmaker Nvidia Corp, which closed up 1.6%.\nWhile technology, closing up 0.9%, was the S&P's top index point boost, consumer discretionary was the biggest percentage gainer, climbing 1.2% and communications services followed with a 0.7% gain.\nJohnson & Johnson, Netflix, Verizon Communications Inc and oilfield services company Baker Hughes Co are also due to report quarterly results this week.\nBut while mega tech gainers were strong enough to boost the S&P and the Nasdaq, optimism was not widespread with four industry sectors closing in the red.\nOf the S&P's 11 major sectors, seven closed higher. The biggest decliners were utilities, down 0.97%, and healthcare, down 0.7%.\nShares of Walt Disney Co closed down 3% after Barclays downgraded the media giant's stock to \"equal weight\" from \"overweight.\"\nDeclining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.24-to-1 ratio favored decliners.\nThe S&P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 65 new highs and 113 new lows.\nVolume on U.S. exchanges was 9.1 billion shares, compared with the 10.3 billion average for the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}