Arab Press

بالشعب و للشعب
Saturday, May 31, 2025

Stocks Fall Sharply as Tech Earnings Loom

Stocks Fall Sharply as Tech Earnings Loom

Stocks fell sharply on Tuesday, with the major indexes posting their worst day in at least a month, as investors braced for the start of earnings season from Big Tech.

The selloff was broad-based, with all 11 major S&P 500 sectors ending the day in the red. The tech-heavy Nasdaq Composite fell 2%, while the Dow Jones Industrial Average and the S&P 500 both fell 1.6%.

The selloff came as investors worried about the impact of rising inflation and interest rates on corporate earnings. Investors are also concerned about the potential for a slowdown in economic growth.

The tech sector was the biggest drag on the market, with shares of Microsoft, Apple, and Amazon all falling sharply. The selloff in tech came as investors worried about the impact of rising interest rates on the sector's growth.

The banking sector also fell sharply, with shares of JPMorgan Chase and Citigroup both down more than 3%. The selloff in banks came as investors worried about the impact of rising interest rates on the sector's profitability.

The selloff in stocks comes as investors face a number of challenges, including rising inflation, rising interest rates, and the potential for a slowdown in economic growth. Investors will be closely watching earnings season to get a better sense of how companies are weathering these challenges.

Here are some of the key takeaways from the day's trading:

  • The selloff was broad-based, with all 11 major S&P 500 sectors ending the day in the red.
  • The tech sector was the biggest drag on the market, with shares of Microsoft, Apple, and Amazon all falling sharply.
  • The banking sector also fell sharply, with shares of JPMorgan Chase and Citigroup both down more than 3%.
  • Investors are worried about the impact of rising inflation, rising interest rates, and the potential for a slowdown in economic growth.
  • Investors will be closely watching earnings season to get a better sense of how companies are weathering these challenges.

What's Next?

Investors will be closely watching earnings season to get a better sense of how companies are weathering the challenges facing the economy. If companies report strong earnings, it could help to ease some of the concerns about a slowdown in economic growth. However, if companies report weak earnings, it could lead to further selling in the stock market.

In addition to earnings season, investors will also be watching for any signs of a slowdown in economic growth. If the economy starts to slow down, it could lead to lower corporate earnings and further selling in the stock market.

Comments

Oh ya 2 year ago
Cant be folks, just theother day biden was heard shouting from his basement that everything is peaches and cream

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
Head of Gaza Aid Group Resigns Amid Humanitarian Concerns
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
Netanyahu Accuses Starmer of Siding with Hamas
Calls Grow to Resume Syrian Asylum Claims in UK
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Denmark Increases Retirement Age to 70, Setting a European Precedent
Iranian Director Jafar Panahi Wins Palme d'Or at Cannes
Israeli Airstrike Kills Nine Children of Gaza Doctor
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
Mount Lewotobi Laki-Laki Erupts Again, Spewing Ash Cloud over Flores Island
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
Senate Democrats Move to Censure Trump Over Qatar Jet Gift
Hamas Releases Last Living US Hostage from Gaza Amid Ongoing Conflict
×