Tuesday 27 July 2021

Reuters Business: Wall St snaps five-day up streak as caution rises before tech earnings, Fed

Wall St snaps five-day up streak as caution rises before tech earnings, Fed

U.S. stocks fell on Tuesday, ending a five-day winning streak in the three major indexes, as investors were cautious before results from top tech and internet names and Wednesday's Federal Reserve announcement.

Visa profit jumps as vaccinations boost spending

Visa Inc (V.N) reported a rise in quarterly profit on Tuesday as global vaccination drives gathered pace, fueling consumer spending and boosting volumes for the world's largest payment processor.

Apple beats sales expectations on iPhone, services, China strength

Apple Inc (AAPL.O) on Tuesday reported quarterly sales and profits that beat analyst expectations as consumers bought premium versions of its 5G iPhones and signed up for the company's subscription services.

Google parent Alphabet reaches record quarterly revenue, profit in ad boom

Google parent Alphabet Inc's (GOOGL.O) quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online.

Mattel expects strong holiday season after Barbie boosts quarterly sales

Mattel Inc (MAT.O) on Tuesday reported a better-than-expected 40% jump in quarterly sales on robust demand for its Barbie and Hot Wheels brands, and said it expected healthy holiday season demand despite upcoming price hikes.

Starbucks serves up steaming forecast as customers return to stores

Starbucks Corp (SBUX.O) forecast fourth-quarter same-store sales above market estimates on Tuesday, as more customers return to its stores for their daily cup of coffee after staying away during the height of the pandemic.

Microsoft beats quarterly revenue estimates on cloud boost

Microsoft Corp (MSFT.O) beat Wall Street expectations for quarterly revenue on Tuesday, as demand soared for the software giant's cloud-based services with more people working and learning remotely.

Wall St ends down as caution rises before big tech earnings, Fed

U.S. stocks ended lower on Tuesday, led by declines in the Nasdaq as investors were cautious before results from top tech and internet names and Wednesday's Federal Reserve announcement.

U.S. stocks, real U.S. bond yields slip as Fed meets; China tremors

U.S. stocks fell from record highs on Tuesday while real U.S. bond yields hit all-time lows, as a sell-off in Chinese shares, economic growth concerns and the Federal Reserve's policy meeting put investors on guard and drove profit taking.

International investor concerns mount over China's tech rout

International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China's top tech stocks and began to seep into currency and debt markets.

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