Nasdaq and Tech Earning Fears Stock Changes
On Tuesday, 19th of April, the US tech stocks fell intensely, which pushed the Nasdaq Composite index to its lowest level in over a year, as traders agreed on cautions of quarterly financial updates from some of the world’s biggest consumer technology groups. By Tuesday, the digital Nasdaq Composite was 3.95 % lower which marked its lowest closing level in late 2020, and the largest single-day drop ever since September 2020.
The changes approached in advance of incomes after the closing bell from Microsoft and Google parent Alphabet when stockholders were asking if such establishments have reserved suitable pricing power to know how to deal with surging global price increases. The broader S&P index also closed at 2.8 % lower. Big companies such as Apple, Amazon, and Facebook owner Meta will announce earnings later this week, when Netflix shocked investors when announcing that it was losing subscribers for the first time in the past decade.