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Stock impact report

CNBC Daily Open: For Big Tech, beating earnings expectations is not enough [CNBC]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: CNBC
Like what you see? You can subscribe here What you need to know today Prices increased in line with expectations The U.S. personal consumption expenditures index increased 0.2% in September, on a monthly and seasonally adjusted basis, reported the U.S. Commerce Department. The 12-month inflation rate was 2.1%. Both numbers were in line with Dow Jones estimates. The core inflation rate, which excludes food and energy prices, came in at 2.7%. Big Tech drags down markets Major U.S. indexes slumped on Thursday , weighed down heavily by losses in Big Tech shares. All three indexes fell for the month. Europe's Stoxx 600 index slid 1.2% to end October 3.4% lower, according to LSEG data, marking its worst monthly performance in a year. Separately, inflation in the euro zone in October rose to 2%, more than expected. Apple and Amazon beat estimates Apple's fiscal fourth-quarter earnings and revenue exceeded LSEG consensus estimates. The Cupertino-based company's iPhone revenue gr Show less Read more
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