London Daily

Focus on the big picture.
Friday, May 09, 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

0:00
0:00
Close
Historic Papal Conclave Set to Commence in Rome
Huge Copper, Gold, and Silver Discovery in Argentina and Chile — But the Profits Go Abroad
Prince Harry is pleading for reconciliation — but the royals are just as sick of his victimhood as everyone else
The Road to Freedom: She Protested Putin, Escaped House Arrest, and Survived a 2,800-Kilometer Journey
OpenAI's Flip-Flop: No Longer Going Commercial, Back to Nonprofit, After Musk Lawsuit and Backlash
“Trump Supporter” Aims to Bring a MAGA-Style Shift to Romania
First From China: Zhao Xintong Wins the Snooker World Championship
Nvidia Faces Billion-Dollar Losses – Warns: China Is on Its Way to Becoming an AI Superpower
Trump Rules Out Third Term, Names JD Vance and Marco Rubio as Potential Successors
Mexico Says ‘No’ to U.S. Troops: President Sheinbaum Rejects Trump’s Offer to Fight Cartels
Nigel Farage’s Reform UK Storms the Map, Wrecking the Two-Party Monopoly
DOGE: Reimagining Government Operations with AI
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Beijing Says U.S. Is ‘Reaching Out’ for Tariff Talks Amid Soaring Trade Tensions
U.K. Court Rejects Prince Harry’s Final Appeal Over Police Security
Prince Harry’s Heartfelt Outburst Rocks the Royal Family
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Transgender Swimmer Secures Five Gold Medals at U.S. Masters Championship
Prince Harry: “I Want Reconciliation with My Family”
Germany's Alternative für Deutschland (AfD) party has now been officially labeled “right-wing extremist” by the federal office for the so-called “protection of the constitution.”
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
Transformative Changes in Women's Wrestling: The Rise of WWE Superstars
The Rush to the White Gold: Global Investment Surge in Natural Hydrogen Exploration
This is a day in Spain without electricity and internet
Reform UK Surprises in British Elections, Challenging Traditional Two-Party System
180-Year-Old Christian University in South Carolina Announces Closure Due to Unmet $6 Million Fundraising Goal
Brazilian Woman Jailed for Fourteen Years for Writing “You Lost, Idiot” on Statue During Protest
Trump Administration Removes National Security Adviser Mike Waltz Amid Signal Chat Controversy
Dutch Politician Eva Vlaardingerbroek Receives Spyware Threat Alert from Apple
Paramount Board Considers Settlement in Trump’s $20 Billion Lawsuit Over "60 Minutes" Interview
U.S. Economy Shrink in Trump’s First Quarter as Tariff Policy Raises Questions
Deadline Looms for RTS Meter Replacement: Hundreds of Thousands at Risk of Heating Disruption
Sweden Grapples with Deadly Gun Violence: Suspect Arrested After Three Young Men Killed in Uppsala Hair Salon
Walz Reveals Why Harris Chose Him as Her Running Mate and Reflects on Democratic Losses
Spain Restores Power After Unprecedented Nationwide Blackout
Carney Secures Liberal Mandate in Canada’s Federal Election
Death Penalty Sought as Luigi Manion Pleads Not Guilty in CEO Murder Case
President Trump contacts Jeff Bezos after reports of Amazon considering listing tariff surcharges; company clarifies no such plan for main platform
Spain and Portugal Recover from Massive Blackout
Liverpool Clinches Record-Equalling 20th English League Title Under Arne Slot
Singapore Politicians Warn Against Foreign Interference in Election
Driver Ploughs into Vancouver Festival Crowd, Killing Nine
Depression, Fear of Defamation, and a Tragic End: New Details on Virginia Giuffre’s Suicide
“Sharia for UK, Allah Akbar!”
Massive Explosion at Iran's Bandar Abbas Port Linked to Suspicious Chemical Shipments
Incident Reflection: A Harsh Reality Check
Pakistani migrants to Danish man: “ “We have 5 children while you have 1 or 2. In 10 years, there will be more Pakistanis than Danes here.“
Clashes Erupt in London as Tensions Rise Between Indian and Pakistani Communities
Specialized anti-drone weapons deployed among security personnel Ahead of Papal Funeral
How do you fix this culture?
×