- Title: Nasdaq underperforms on worries about tech earnings ahead
- Date: 24th April 2023
- Summary: FRANKLIN, TENNESSEE, UNITED STATES (APRIL 24, 2023) (REUTERS) (SOUNDBITE) (English) CAPWEALTH CHAIRMAN AND CHIEF INVESTMENT OFFICER, TIM PAGLIARA, SAYING: “I think Tesla is an amazing company and I think to just focus on the production of cars and the global demand for EV (Electric Vehicle) is a little short-sighted. They really are a technology company evolving very sim
- Embargoed: 8th May 2023 21:05
- Keywords: Dow Nasdaq S&P 500
- Location: VARIOUS
- City: VARIOUS
- Country: US
- Topics: Economic Events,North America,Equities Markets
- Reuters ID: LVA002745624042023RP1
- Aspect Ratio: 16:9
- Story Text: The Nasdaq closed lower and underperformed the S&P 500 and the Dow on Monday (April 24), pressured by high-profile megacaps as investors awaited results from companies including Microsoft while Tesla shares fell on concerns about its spending plans.
Tesla Inc fell after the automaker raised its 2023 capital expenditure forecast to ramp up output, weighing down consumer discretionary stocks.
It was one of the biggest drags on the benchmark S&P 500, along with Microsoft Corp, which was under pressure ahead of its results due out on Tuesday. Also on deck this week are reports from Alphabet Inc, Amazon.com Inc and Meta Platforms Inc.
The S&P 500 gained 3.52 points, or 0.085%, to end at 4,137.04 points, while the Nasdaq Composite lost 35.25 points, or 0.29%, to 12,037.20.
The Dow Jones Industrial Average rose 66.44 points, or 0.20%, to 33,875.40.
(Production: Kyoko Gasha, Lisa Bernhard) - Copyright Holder: REUTERS
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