Apple and Alphabet’s Freakish Earnings Broke This Market Barometer

Published on August 22, 2024

One of the most widely followed gauges of the stock market, for decades a reliable indicator of future returns, has led investors astray in recent years. Its misdirection comes down to the freakish earnings growth of big technology companies such as Apple Inc. and Alphabet Inc.

Continue reading on website
Other news

Meta Shares Are Flying High as Zuckerberg Sells His AI Vision

August 22, 2024
Technology giants that want to spend big on artificial intelligence and stay in the good graces of investors should take a page out of Meta Platforms Inc.’s playbook.

Kansas City Fed Manufacturing: Activity Declined Less in August

August 22, 2024
The latest Kansas City Fed Manufacturing Survey composite index did not decline as much in August following a sharper decline last month. The composite index came in at -3, up from -13 in July. Meanwhile, the future outlook increased to 8.