Earnings live: Meta stock tumbles, Microsoft slides, and Alphabet jumps as Big Tech earnings pour in

Big Tech Earnings Week: A Mixed Bag of Results and UncertaintyAs the third quarter earnings season heats up, the spotlight is on the Magnificent Seven tech giants and other heavy hitters like Boeing, Visa, and Starbucks. Early results show a mix of positive and negative surprises, with Meta missing expectations and Microsoft topping them. Alphabet's results were strong, but Merck's shares dropped despite beating forecasts due to patent expiration concerns. Chipotle warns of sales slowdowns as younger customers and those earning less than $100,000 cut back spending. Eli Lilly and ServiceNow saw stock spikes after raising profit and subscription outlooks. The next week will reveal if the positive earnings streak continues or if things cool off, as investors watch for signs of shifting consumer habits and tech momentum.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.