The Dow Jones Industrial Average witnessed another decline, ending its worst week and worst month since March, and this comes during a difficult period in which the shares of large technology companies are being sold in light of losses and the lack of expected profits.
Here are some of the company’s share revenue:
Apple shares fell, which led to a decline in the Dow Jones and S&P 500 indices, and this comes after the profits of the iPhone fell to a lower level than expected, as the company’s shares fell by about 4% before the markets opened.
Twitter shares fell 14% during the stock market close after posting its slowest user growth in years, and warning that the uncertainty of the US election would negatively affect ad spending.
Shares in Google’s parent company Alphabet rose more than 7% in pre-market trading, as the company reported $11.2 billion in third-quarter earnings, exceeding analyst expectations.
Amazon shares fell slightly by 1.6 percent, despite reporting sales and profits that exceed Wall Street Journal predictions, as increased numbers of online shoppers during the pandemic strained the company’s ability to operate efficiently, increasing staffing and costs for delivery to customers.
Facebook shares fell 0.3%, and the company posted record revenue in the third quarter, as spending on digital advertising is more than the ad boycott campaign, data collection restrictions, and cascading hurdles of the coronavirus pandemic.