General Motors cuts its profit outlook blaming supply chain delays.

General Motors cuts its profit outlook blaming supply chain delays. Despite all this, the CEO also notes that Micron remains positive regarding its long-term strategy.

stock market news today

Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Most investors are too conservative with their retirement plans. ABC News’ Rebecca Jarvis reports on the latest economic impact in response to Russia’s “special military operation” Forex in Ukraine overnight. Goldman Sachs is investing $125 million into cyber security as a part of a new strategic investment into Fortress Information Security. ABC News financial contributor Alexis Christoforous breaks down the latest jobs report showing U.S. employers added 428,000 jobs in April.

U S Futures Slip; European Stocks Rally

The major indexes produced a familiar result Thursday, finishing in the red to close out a dreary first six months of the year. Despite a dour ISM manufacturing index reading Friday, stocks broadly managed to pull themselves together and finish well in the black. “Analysts and companies have been more pessimistic compared to recent quarters in their earnings estimate Forex revisions and earnings outlooks for the first quarter to date,” says John Butters, senior earnings analyst at FactSet. Predictably, the technology sector was one of the worst-performing sectors, sinking 2.5%. Brand your company, advertise your products or services with our ad programs. The cryptocurrency has traded down for four consecutive days heading into Friday.

stock market news today

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Dow Plunges Amid Weak Earnings Reports From Retailers

In detail, Micron notes that it is anticipating revenue of between $6.8 billion to $7.6 billion for its fourth fiscal quarter. Also, in the earnings report, the company is forecasting an earnings per share of between $1.43 to $1.83. To compare, this is versus current Wall Street estimates of $9.05 billion and $2.62 respectively. Explaining these less-than-ideal estimates is Micron CEO, Sanjay Mehrotra. According to him, industry demand for Micron’s key offerings, recently, is weakening. To address this, Mehrotra explains, the company is planning to moderate supply growth in fiscal 2023. Founded by William J. O’Neil, Investor’s Business Daily provides exclusive stock lists, market data and research, helping investors take advantage of the CAN SLIM system to make more money in the stock market.

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