π¨ πππππ¬π πππ°π¬ ππ©ππππ!
Big Tech Earnings Disappoint, Causing Major Wall Street Drop γ½οΈ
US stocks tumbled on Wednesday, marking a rough day for major indices:
β’ π π&π πππ: -2.31% (Worst since Dec '22)
β’ π πππ¬πππͺ: -3.62% (Worst since Oct '22)
β’ π ππ¨π° ππ¨π§ππ¬: -1.25% (-504.22 points)
Key players in the tech sector led the decline:
β’ β ππ₯π©π‘ππππ (ππ¨π¨π π₯π): -5.04% (High AI costs & low YouTube ad revenue)
β’ β πππ¬π₯π: -12.33% (7% drop in car sales, missed profit targets, Robotaxi delays)
β’ β ππ―π’ππ’π: -6.80%
β’ β ππ«π¨ππππ¨π¦: -7.59%
β’ β πππ: -8.17%
However, not all was bleak:
β’ π ππ&π: +5.22% (More new wireless subscribers than expected)
Visa also faced a rough patch:
β’ β ππ’π¬π: -4.01% (Lowest since Dec, due to fewer payments and transactions)
Concerns are rising about the AI-driven stock market boom.
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