Published On Oct 30, 2024, 4:04 PM
The stock market experienced a slight dip today with both the Nasdaq and S&P 500 indexes falling as investors await earnings reports from major companies, Meta and Microsoft. This cautious sentiment is likely driven by uncertainties regarding the financial performances of these tech giants, which have significant impacts on overall market trends.
Given the upcoming earnings reports expected from Meta and Microsoft, there could be volatility in the technology sector. Depending on how well these companies perform compared to market expectations, it may lead to a negative reaction in the tech stocks and the broader market in the short term.
Meta's earnings will also likely influence market dynamics. If there are strong results, it may positively affect related stocks in the social media sector and tech at large. However, if results are disappointing, there could be a broader fallout in related sectors.
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Meta will report its Q3 earnings after the bell on Wednesday.