The S&P 500 and market fell Wednesday after a morning bump brought the Dow Jones Industrial Average to new highs. The market will close Thursday in observance of the Thanksgiving holiday.
PCE numbers for October were right as expected at 2.8% Core and 2.3% total, nearly unchanged from the month previous.
In other macro news, GDP numbers were revised lower for the third quarter, the second of three estimates. The economy grew 2.8% based on the new number, down from 3% expected at the start of the quarter but above the 1.4% growth rate of the first quarter.
$Dell Technologies (DELL.US)$fell 12%, the lowest on the S&P 500, after its earnings beat expectations, but the firm missed slightly on revenue and provided soft guidance for the current quarter. The firm said its artificial-intelligence services demand was growing, but demand for PCs was falling.
$HP Inc (HPQ.US)$also fell about 11% after the firm met analyst earnings expectations Tuesday night, but also missed estimates for the projected current quarter.
$Nordstrom (JWN.US)$fell 11% intraday, but its earnings beat or matched expectations. In its quarterly update, the firm did not give an update on the prospect of going private, a conversation that started earlier this year.
$MicroStrategy (MSTR.US)$climbed 9%, after falling a whopping 16% last week when Bitcoin approached $100k.
It was not the only crypto firm seeing a price climb- crypto companies tracked by moomoo climbed 5%, lead by a 25% intraday jump in$IREN Ltd (IREN.US)$, despite its report of a Fiscal Q1 loss.
$CrowdStrike (CRWD.US)$stock is trading more than 5% lower Wednesday after the company reported third-quarter financial results after the bell Tuesday.
The US launched an antitrust suit against$Microsoft (MSFT.US)$, according to Bloomberg. The firm has been sent a list of questions on its competitors and business partners, and the stock fell in the two minutes it had to trade after the news broke just before the close.
Word from the herd: Mooers, what are you watching?
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Malaysia Moo : good article
Bullish Law : Bitcoin rebounding higher.
102181510 :
Pascal Bernier :
affable Blobfish_403 : Stagnation in prices?
Laine Ford : good
Laine Ford : no comment now
Adrianlim90 : 1
103827803 : good
NiceOne : great!
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