🔥Bafang Evening News｜10.29 U.S. Stock Market Highlights
A Google earnings report sent the Nasdaq into a pit.
📊 Wednesday close: The Fed stayed put, keeping rates at 3.75%-4%. The three major indexes edged higher, with the Dow +0.19%, the S&P +0.28%, and the Nasdaq +0.27%
🏦 This vote was 10 to 2, with Cook and Hammack both arguing for another 25 basis point hike. CME shows the probability of a December rate hike rising to about 85%
📉 $GOOGL third-quarter revenue was $127.58 billion and adjusted EPS was $2.67, both missing expectations. Free cash flow was -$9.07 billion, far below forecasts. It fell as much as about 13% in early Thursday trading
☁️ $MSFT was the exact opposite: revenue was $92.28 billion, Azure grew 48%, cash flow was still positive, and it rose about 2% before the market opened
💻 Software stocks followed suit and crashed: Fortinet fell about 26%, ServiceNow fell about 20%
The macro picture is not easy either. September PCE rose 3.6% year over year, with core at 3.1%; third-quarter GDP annualized at 3.4%, better than the expected 3.1%
⏱ During trading hours (Friday morning ET): the S&P fell about 0.4%, and the Nasdaq fell about 1.4%
🪙 After the close tonight: Amazon, $COIN , and Strategy will all report earnings together. Strategy holds 848,517 BTC, with an average cost of about $75,446; the coin price is only about 6% above cost
💬 Bafang’s view: The market no longer asks how much you spend on AI, only when the money will come back. Microsoft delivered cash flow, Google didn’t—that’s the dividing line today.
Which do you fear more tonight, Amazon or Coinbase blowing up? Let’s talk in the comments👇
(For information sharing only, not investment advice)
#美股 #AI #The Fed
A Google earnings report sent the Nasdaq into a pit.
📊 Wednesday close: The Fed stayed put, keeping rates at 3.75%-4%. The three major indexes edged higher, with the Dow +0.19%, the S&P +0.28%, and the Nasdaq +0.27%
🏦 This vote was 10 to 2, with Cook and Hammack both arguing for another 25 basis point hike. CME shows the probability of a December rate hike rising to about 85%
📉 $GOOGL third-quarter revenue was $127.58 billion and adjusted EPS was $2.67, both missing expectations. Free cash flow was -$9.07 billion, far below forecasts. It fell as much as about 13% in early Thursday trading
☁️ $MSFT was the exact opposite: revenue was $92.28 billion, Azure grew 48%, cash flow was still positive, and it rose about 2% before the market opened
💻 Software stocks followed suit and crashed: Fortinet fell about 26%, ServiceNow fell about 20%
The macro picture is not easy either. September PCE rose 3.6% year over year, with core at 3.1%; third-quarter GDP annualized at 3.4%, better than the expected 3.1%
⏱ During trading hours (Friday morning ET): the S&P fell about 0.4%, and the Nasdaq fell about 1.4%
🪙 After the close tonight: Amazon, $COIN , and Strategy will all report earnings together. Strategy holds 848,517 BTC, with an average cost of about $75,446; the coin price is only about 6% above cost
💬 Bafang’s view: The market no longer asks how much you spend on AI, only when the money will come back. Microsoft delivered cash flow, Google didn’t—that’s the dividing line today.
Which do you fear more tonight, Amazon or Coinbase blowing up? Let’s talk in the comments👇
(For information sharing only, not investment advice)
#美股 #AI #The Fed