However, the impact of the health emergency in China continued to show up in corporate reports. Chipmaker Qualcomm Inc flagged a potential threat to the mobile phone industry from the outbreak, with a possible impact on manufacturing and sales.At 8:26 a.m. ET, Dow e-minis 1YMcv1 were up 109 points, or 0.37%. S&P 500 e-minis EScv1 were up 10.5 points, or 0.31% and Nasdaq 100 e-minis NQcv1 were up 33.5 points, or 0.36%.
The fourth-quarter earnings season is more than half done with nearly 70% of S&P 500 companies exceeding their earnings estimates, according to IBES data form Refinitiv. Twitter Inc gained about 8.3% after the micro-blogging platform touched $1 billion in quarterly revenue for the first time ever, beating analysts’ estimates.Tesla Inc slipped 3.4%, falling for the second day after a stunning six-day rally.
As the week draws to a close, investor attention will shift to the crucial U.S. jobs report on Friday.Our Standards:
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Snap's quarterly sales miss Wall Street estimates and its stock plungesSnap Inc. reported quarterly sales that missed Wall Street estimates, sending the stock down about 12%. 🔔🔔🔔🔔🔔 How many selfies can you take with those stupid filters? 🤔 It was a $2M revenue miss which seems small relatively speaking (0.5% miss). But I guess the concern is that they increased DAU above expectations but weren’t able to proportionally monetize that bump. On the other hand, a 12% drop seems a bit of an overreaction.
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