Posted 1/30/2024, 11:05:00 PM
Tech Stocks Mixed on Earnings: Microsoft Tops Views, Google Disappoints, Tesla Slumps
- Dow futures rose slightly while tech futures fell as Microsoft, Google, AMD reported mixed earnings. Tesla stock slumped as judge voided Musk's $56B pay plan.
- Job openings were hotter than expected before Fed rate decision; investors eyeing hints about timing of rate cuts.
- Microsoft earnings topped views but stock edged lower; Google beat but advertising growth disappointed.
- AMD matched views but guidance was light. Earnings/guidance from tech giants critical for market rally.
- Apple stock hit 50-day line ahead of Thursday earnings. Tesla fell as judge ruled Elon Musk's pay package invalid.