S&P 500, Nasdaq 100 Slide Ahead of Microsoft (MSFT.O) Earnings

Category: Finance

The S&P 500 and Nasdaq 100 are experiencing declines due to disappointing earnings reports and negative market sentiment. Microsoft is expected to report Q4 earnings of $2.94 EPS on $64.5 billion revenue, with a focus on AI earnings. JOLTZ job openings exceeded expectations, contributing to discussions about potential rate cuts amidst easing inflation. The overall earnings season has led to lowered sales and profit guidance from companies, raising concerns about economic health, particularly in China.

Keywords: S&P 500, Microsoft earnings, AI technology

Source: MarketPulse

Update At: 7/31/2024

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