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  ·2021-10-27
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  Alphabet reports better-than-expected quarterly profit and revenue
  Alphabet reported profit and earnings for the third quarter that topped analysts’ estimates. While the company’s shares were down about 0.8% after the report.Here’s what Alphabet reported versus what Wall Street expected:. Earnings per share :$27.99 per share vs $23.48 per share, according to Refinitiv estimates.Revenue:$65.12 billion vs. $63.34 billion, according to Refinitiv estimates.Google’s advertising revenue rose 43% to $53.13 billion, up from $37.1 billion the same time last year and sli
  Alphabet reports better-than-expected quarterly profit and revenue
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  ·2021-10-17
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  非常抱歉，此主贴已删除
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  ·2021-09-25
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  Dow Jones, S&P 500 end with gains up after bumpy week, but Nike drags
  NEW YORK (REUTERS) - The Dow and S&P 500 edged higher on Friday (Sept 24) and ended a turbulent week
  Dow Jones, S&P 500 end with gains up after bumpy week, but Nike drags
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While the company’s shares were down about 0.8% after the report.Here’s what Alphabet reported versus what Wall Street expected:. Earnings per share :$27.99 per share vs $23.48 per share, according to Refinitiv estimates.Revenue:$65.12 billion vs. $63.34 billion, according to Refinitiv estimates.Google’s advertising revenue rose 43% to $53.13 billion, up from $37.1 billion the same time last year and sli","content":"<p>Alphabet&nbsp;reported profit and earnings for the third quarter that topped analysts’ estimates. While&nbsp;the company’s shares were down about 0.8% after the report.</p>\n<p><img src=\"https://static.tigerbbs.com/661e649bbf6ae6ba17d3f7b717953478\" tg-width=\"847\" tg-height=\"619\" referrerpolicy=\"no-referrer\"></p>\n<p>Here’s what Alphabet reported versus what Wall Street expected:</p>\n<ul>\n <li><b>Earnings per share (EPS):</b>$27.99 per share vs $23.48 per share, according to Refinitiv estimates.</li>\n <li><b>Revenue:</b>$65.12 billion vs. $63.34 billion, according to Refinitiv estimates.</li>\n <li><b>YouTube advertising revenue:</b>$7.20 billionvs. $7.4 billion expected.</li>\n <li><b>Google Cloud revenue:</b>$4.99 billion vs. $5.07 billion expected.</li>\n <li><b>Traffic acquisition costs (TAC):</b>$11.50 vs.$11.16 billion expected.</li>\n</ul>\n<p>Google’s advertising revenue rose 43% to $53.13 billion, up from $37.1 billion the same time last year and slightly higher than the prior quarter. YouTube ads rose to $7.21 billion, up from $5.04 billion a year ago.</p>\n<p>\"The consumer shift to digital is real and will continue even as we start seeing people return to stores,\" said Philipp Schindler, Google's chief business officer. \"The underlying takeaway is that people want more choice, they want more information, more flexibility, and we don't see this reversing.\"</p>\n<p>Quarterly profit was $18.936 billion or $27.99 per share, beating expectations of $24.08 per share and marking a third-straight quarter of record profit. Alphabet's profit is subject to wide fluctuations because accounting rules require the company to measure unrealized gains from its investments in startups as income.</p>\n<p>Investors had braced for some sales challenges for Google.</p>\n<p>Anxiety by consumers over how Google and other companies use their browsing behavior to profile them and then pick which ads to show has become widespread. In the latest challenge, Apple Inc, whose iPhones account for half of the smartphones in the United States, gave its users more control to stop tracking over the past few months. The change led advertisers to recalibrate their spending in ways that Google rivals Snap Inc&nbsp;and Facebook Inc&nbsp;said hurt their third-quarter sales.</p>\n<p><b>REGULATORY SCRUTINY</b></p>\n<p>Alphabet's chief financial officer, Ruth Porat, reported \"modest impact\" on YouTube ad sales from Apple's efforts. But analysts said Google overall was less affected than peers because its search engine collects data on user interests that is valuable to advertisers and is unmatched in the industry.</p>\n<p>\"They are almost completely immune to Apple's changes,\" said Collin Colburn, an analyst at tech consultancy Forrester.</p>\n<p>Other companies also faced slowdowns because advertisers cut spending as they struggled to staff up and keep shelves stocked amid hiring and supply-chain issues brought on by the pandemic. Schindler said supply-chain challenges affected only Google's sales of automotive ads.</p>\n<p>Google Cloud, which trails Amazon.com Inc&nbsp;and Microsoft Corp&nbsp;in cloud services market share, increased revenue by 45% to $4.99 billion, slightly below estimates of $5.07 billion.</p>\n<p>Alphabet's total costs increased 26% to $44.1 billion in the third quarter and the company's workforce size passed 150,000 employees.</p>\n<p>Alphabet shares have outperformed those of many big peers since the end of last year, rising about 57%. Microsoft is up 39%, Facebook 20% and Amazon 2% over the same period.</p>\n<p>But shares of Alphabet trade at a slight discount to Facebook, the internet's No. 2 seller of online ads. Facebook trades at 6.8 times expected revenue over the next 12 months compared with 6.4 times for Alphabet.</p>\n<p>Facebook has been swamped with accusations in recent weeks from a former employee who leaked thousands of confidential company files to media and filed complaints with the U.S. securities regulator over alleged misrepresentations by the company about its risks from hosting inappropriate content.</p>\n<p>Google has been caught up in some of the fallout. A YouTube policy official testified to U.S. Congress earlier on Tuesday alongside other companies about the harms of social media to young users.</p>\n<p>Investors also await further changes to Google's businesses as a result of regulatory scrutiny. U.S. and other authorities have alleged some of the company's practices in advertising and search are anticompetitive, though the company argues they are to benefit users. In one concession to critics last week, Google said it would cut some of the fees it collects from apps on its Play app store starting next year.</p>\n<p>But the move could end up generating new revenue for Google if it leads companies such as music streamer Spotify Technology SA&nbsp;to start selling subscriptions through their apps and giving Google 10% to 15% of the sum.</p>\n<p>Alphabet's Porat said on Tuesday that earlier trims to Play fees would cut in to sales.</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>Alphabet reports better-than-expected quarterly profit and revenue</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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\">\nAlphabet reports better-than-expected quarterly profit and revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-10-27 06:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Alphabet&nbsp;reported profit and earnings for the third quarter that topped analysts’ estimates. While&nbsp;the company’s shares were down about 0.8% after the report.</p>\n<p><img src=\"https://static.tigerbbs.com/661e649bbf6ae6ba17d3f7b717953478\" tg-width=\"847\" tg-height=\"619\" referrerpolicy=\"no-referrer\"></p>\n<p>Here’s what Alphabet reported versus what Wall Street expected:</p>\n<ul>\n <li><b>Earnings per share (EPS):</b>$27.99 per share vs $23.48 per share, according to Refinitiv estimates.</li>\n <li><b>Revenue:</b>$65.12 billion vs. $63.34 billion, according to Refinitiv estimates.</li>\n <li><b>YouTube advertising revenue:</b>$7.20 billionvs. $7.4 billion expected.</li>\n <li><b>Google Cloud revenue:</b>$4.99 billion vs. $5.07 billion expected.</li>\n <li><b>Traffic acquisition costs (TAC):</b>$11.50 vs.$11.16 billion expected.</li>\n</ul>\n<p>Google’s advertising revenue rose 43% to $53.13 billion, up from $37.1 billion the same time last year and slightly higher than the prior quarter. YouTube ads rose to $7.21 billion, up from $5.04 billion a year ago.</p>\n<p>\"The consumer shift to digital is real and will continue even as we start seeing people return to stores,\" said Philipp Schindler, Google's chief business officer. \"The underlying takeaway is that people want more choice, they want more information, more flexibility, and we don't see this reversing.\"</p>\n<p>Quarterly profit was $18.936 billion or $27.99 per share, beating expectations of $24.08 per share and marking a third-straight quarter of record profit. Alphabet's profit is subject to wide fluctuations because accounting rules require the company to measure unrealized gains from its investments in startups as income.</p>\n<p>Investors had braced for some sales challenges for Google.</p>\n<p>Anxiety by consumers over how Google and other companies use their browsing behavior to profile them and then pick which ads to show has become widespread. In the latest challenge, Apple Inc, whose iPhones account for half of the smartphones in the United States, gave its users more control to stop tracking over the past few months. The change led advertisers to recalibrate their spending in ways that Google rivals Snap Inc&nbsp;and Facebook Inc&nbsp;said hurt their third-quarter sales.</p>\n<p><b>REGULATORY SCRUTINY</b></p>\n<p>Alphabet's chief financial officer, Ruth Porat, reported \"modest impact\" on YouTube ad sales from Apple's efforts. But analysts said Google overall was less affected than peers because its search engine collects data on user interests that is valuable to advertisers and is unmatched in the industry.</p>\n<p>\"They are almost completely immune to Apple's changes,\" said Collin Colburn, an analyst at tech consultancy Forrester.</p>\n<p>Other companies also faced slowdowns because advertisers cut spending as they struggled to staff up and keep shelves stocked amid hiring and supply-chain issues brought on by the pandemic. Schindler said supply-chain challenges affected only Google's sales of automotive ads.</p>\n<p>Google Cloud, which trails Amazon.com Inc&nbsp;and Microsoft Corp&nbsp;in cloud services market share, increased revenue by 45% to $4.99 billion, slightly below estimates of $5.07 billion.</p>\n<p>Alphabet's total costs increased 26% to $44.1 billion in the third quarter and the company's workforce size passed 150,000 employees.</p>\n<p>Alphabet shares have outperformed those of many big peers since the end of last year, rising about 57%. Microsoft is up 39%, Facebook 20% and Amazon 2% over the same period.</p>\n<p>But shares of Alphabet trade at a slight discount to Facebook, the internet's No. 2 seller of online ads. Facebook trades at 6.8 times expected revenue over the next 12 months compared with 6.4 times for Alphabet.</p>\n<p>Facebook has been swamped with accusations in recent weeks from a former employee who leaked thousands of confidential company files to media and filed complaints with the U.S. securities regulator over alleged misrepresentations by the company about its risks from hosting inappropriate content.</p>\n<p>Google has been caught up in some of the fallout. A YouTube policy official testified to U.S. Congress earlier on Tuesday alongside other companies about the harms of social media to young users.</p>\n<p>Investors also await further changes to Google's businesses as a result of regulatory scrutiny. U.S. and other authorities have alleged some of the company's practices in advertising and search are anticompetitive, though the company argues they are to benefit users. In one concession to critics last week, Google said it would cut some of the fees it collects from apps on its Play app store starting next year.</p>\n<p>But the move could end up generating new revenue for Google if it leads companies such as music streamer Spotify Technology SA&nbsp;to start selling subscriptions through their apps and giving Google 10% to 15% of the sum.</p>\n<p>Alphabet's Porat said on Tuesday that earlier trims to Play fees would cut in to sales.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109903608","content_text":"Alphabet reported profit and earnings for the third quarter that topped analysts’ estimates. While the company’s shares were down about 0.8% after the report.\n\nHere’s what Alphabet reported versus what Wall Street expected:\n\nEarnings per share (EPS):$27.99 per share vs $23.48 per share, according to Refinitiv estimates.\nRevenue:$65.12 billion vs. $63.34 billion, according to Refinitiv estimates.\nYouTube advertising revenue:$7.20 billionvs. $7.4 billion expected.\nGoogle Cloud revenue:$4.99 billion vs. $5.07 billion expected.\nTraffic acquisition costs (TAC):$11.50 vs.$11.16 billion expected.\n\nGoogle’s advertising revenue rose 43% to $53.13 billion, up from $37.1 billion the same time last year and slightly higher than the prior quarter. YouTube ads rose to $7.21 billion, up from $5.04 billion a year ago.\n\"The consumer shift to digital is real and will continue even as we start seeing people return to stores,\" said Philipp Schindler, Google's chief business officer. \"The underlying takeaway is that people want more choice, they want more information, more flexibility, and we don't see this reversing.\"\nQuarterly profit was $18.936 billion or $27.99 per share, beating expectations of $24.08 per share and marking a third-straight quarter of record profit. Alphabet's profit is subject to wide fluctuations because accounting rules require the company to measure unrealized gains from its investments in startups as income.\nInvestors had braced for some sales challenges for Google.\nAnxiety by consumers over how Google and other companies use their browsing behavior to profile them and then pick which ads to show has become widespread. In the latest challenge, Apple Inc, whose iPhones account for half of the smartphones in the United States, gave its users more control to stop tracking over the past few months. The change led advertisers to recalibrate their spending in ways that Google rivals Snap Inc and Facebook Inc said hurt their third-quarter sales.\nREGULATORY SCRUTINY\nAlphabet's chief financial officer, Ruth Porat, reported \"modest impact\" on YouTube ad sales from Apple's efforts. But analysts said Google overall was less affected than peers because its search engine collects data on user interests that is valuable to advertisers and is unmatched in the industry.\n\"They are almost completely immune to Apple's changes,\" said Collin Colburn, an analyst at tech consultancy Forrester.\nOther companies also faced slowdowns because advertisers cut spending as they struggled to staff up and keep shelves stocked amid hiring and supply-chain issues brought on by the pandemic. Schindler said supply-chain challenges affected only Google's sales of automotive ads.\nGoogle Cloud, which trails Amazon.com Inc and Microsoft Corp in cloud services market share, increased revenue by 45% to $4.99 billion, slightly below estimates of $5.07 billion.\nAlphabet's total costs increased 26% to $44.1 billion in the third quarter and the company's workforce size passed 150,000 employees.\nAlphabet shares have outperformed those of many big peers since the end of last year, rising about 57%. Microsoft is up 39%, Facebook 20% and Amazon 2% over the same period.\nBut shares of Alphabet trade at a slight discount to Facebook, the internet's No. 2 seller of online ads. Facebook trades at 6.8 times expected revenue over the next 12 months compared with 6.4 times for Alphabet.\nFacebook has been swamped with accusations in recent weeks from a former employee who leaked thousands of confidential company files to media and filed complaints with the U.S. securities regulator over alleged misrepresentations by the company about its risks from hosting inappropriate content.\nGoogle has been caught up in some of the fallout. A YouTube policy official testified to U.S. Congress earlier on Tuesday alongside other companies about the harms of social media to young users.\nInvestors also await further changes to Google's businesses as a result of regulatory scrutiny. U.S. and other authorities have alleged some of the company's practices in advertising and search are anticompetitive, though the company argues they are to benefit users. In one concession to critics last week, Google said it would cut some of the fees it collects from apps on its Play app store starting next year.\nBut the move could end up generating new revenue for Google if it leads companies such as music streamer Spotify Technology SA to start selling subscriptions through their apps and giving Google 10% to 15% of the sum.\nAlphabet's Porat said on Tuesday that earlier trims to Play fees would cut in to sales.","news_type":1},"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":827895655,"gmtCreate":1634439835029,"gmtModify":1634439835113,"author":{"id":"4090658592005500","authorId":"4090658592005500","name":"blankblank","avatar":"https://static.tigerbbs.com/1706b3aef1e29c188a2352d96f49e79e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090658592005500","authorIdStr":"4090658592005500"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/827895655","repostId":"2175146556","repostType":4,"isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":861764242,"gmtCreate":1632539637586,"gmtModify":1632799251158,"author":{"id":"4090658592005500","authorId":"4090658592005500","name":"blankblank","avatar":"https://static.tigerbbs.com/1706b3aef1e29c188a2352d96f49e79e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090658592005500","authorIdStr":"4090658592005500"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/861764242","repostId":"2170619785","repostType":4,"repost":{"id":"2170619785","kind":"news","pubTimestamp":1632518354,"share":"https://www.laohu8.com/m/news/2170619785?lang=&edition=full","pubTime":"2021-09-25 05:19","market":"sg","language":"en","title":"Dow Jones, S&P 500 end with gains up after bumpy week, but Nike drags","url":"https://stock-news.laohu8.com/highlight/detail?id=2170619785","media":"The Straits Times","summary":"NEW YORK (REUTERS) - The Dow and S&P 500 edged higher on Friday (Sept 24) and ended a turbulent week","content":"<div>\n<p>NEW YORK (REUTERS) - The Dow and S&P 500 edged higher on Friday (Sept 24) and ended a turbulent week with slight increases, helped by gains in Tesla and Facebook that offset a tumble by Nike.\nAthletic...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/dow-jones-sp-500-end-with-gains-up-after-bumpy-week-but-nike-drags\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nDow Jones, S&P 500 end with gains up after bumpy week, but Nike drags\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-25 05:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/dow-jones-sp-500-end-with-gains-up-after-bumpy-week-but-nike-drags><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (REUTERS) - The Dow and S&P 500 edged higher on Friday (Sept 24) and ended a turbulent week with slight increases, helped by gains in Tesla and Facebook that offset a tumble by Nike.\nAthletic...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/dow-jones-sp-500-end-with-gains-up-after-bumpy-week-but-nike-drags\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPY":"标普500ETF","NKE":"耐克",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SDS":"两倍做空标普500ETF","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF","UPRO":"三倍做多标普500ETF","SSO":"两倍做多标普500ETF","OEF":"标普100指数ETF-iShares","SH":"标普500反向ETF",".SPX":"S&P 500 Index","OEX":"标普100"},"source_url":"http://www.straitstimes.com/business/companies-markets/dow-jones-sp-500-end-with-gains-up-after-bumpy-week-but-nike-drags","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2170619785","content_text":"NEW YORK (REUTERS) - The Dow and S&P 500 edged higher on Friday (Sept 24) and ended a turbulent week with slight increases, helped by gains in Tesla and Facebook that offset a tumble by Nike.\nAthletic wear company Nike's shares fell 6.3% and were the biggest drag on the Dow and the S&P 500 after it delivered a downbeat sales forecast and warned of delays during the holiday shopping season, blaming a supply chain crunch.\nShares of footwear retailer Foot Locker also fell sharply. On the flip side, Facebook climbed 2% and Tesla rose 2.7%.\nThe S&P communication services sector climbed 0.7% and was the second-biggest sector gainer of the day after energy, up 0.8%.\nStocks bounced back from a sharp selloff at the start of the week tied in part to concerns over a default by China's Evergrande and its potential risk to global financial markets.\nOn Friday, Evergrande's electric car unit warned it faced an uncertain future unless it got a swift injection of cash, the clearest sign yet that the property developer's liquidity crisis is worsening in other parts of its business.\n\"You've had a good recovery from the lows\" this week, said Rick Meckler, partner, Cherry Lane Investments, a family investment office in New Vernon, New Jersey.\n\"With rates this low - even if they are going to move up slowly - and with the fiscal stimulus you'll probably see coming, I think investors still prefer stocks to any other asset class. Stocks remain in a weird way what investors see as the safe place.\"\nOn Wednesday, the Federal Reserve said it would reduce its monthly bond purchases \"soon\" and half of the Fed's policymakers projected borrowing costs will need to rise in 2022.\nThe Dow Jones Industrial Average rose 33.18 points, or 0.1%, to 34,798, the S&P 500 gained 6.5 points, or 0.15%, to 4,455.48 and the Nasdaq Composite dropped 4.55 points, or 0.03%, to 15,047.70.\nFor the week, the Dow was up 0.6%, the S&P 500 gained 0.5% and the Nasdaq was near flat.\nShares of cryptocurrency-related firms Coinbase Global, MicroStrategy Inc, Riot Blockchain and Marathon Patent Group fell after China's central bank put a ban on crypto trading and mining. \"It's been a very volatile week to say the least, so I think going into the last week of September the volatility is likely to continue especially with the end-of-the-quarter window dressing,\" said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.\nInvestors are also looking for signs of progress on President Joe Biden's spending and budget bills.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.40-to-1 ratio favored decliners.\nThe S&P 500 posted 21 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 82 new highs and 73 new lows.\nVolume on US exchanges was 9.00 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}