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Wall Street Breakfast

Wall Street Breakfast October 26: Tech Earnings From Alphabet, Microsoft

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 26 October 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

Tech earnings from Alphabet (GOOG) (GOOGL), Microsoft (MSFT). Saudis say depleting oil reserves could 'become painful in the months to come.' Intel's (INTC) Mobileye (MBLY) prices IPO. Learn how to invest successfully with Alpha Picks here.

Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.

0:06.8

Subscribe to this podcast on Apple Podcast, Spotify or Stitcher.

0:11.2

Good morning. Today is Wednesday, October 26th,

0:14.4

and I'm your host Julie Morgan.

0:16.3

Our top stories.

0:17.7

Tech earnings from Alphabet and Microsoft.

0:21.0

Debt and Equity Partners reportedly told to prepare for a Twitter closing.

0:25.6

Canno Health drops after an activist reduces its stake.

0:29.4

More woes for yay.

0:31.4

Intel's mobilei prices its IPO and Pish Posh looks to take the

0:36.5

baby's spot on the NASDAQ. Stocks finished higher for the third consecutive

0:41.9

session on Tuesday.

0:43.2

This marks the first three day winning streak since the first half of September.

0:47.6

The NASDAQ ended up 2.3%. The S&P 500 closed up 1.6% and the Dow finished up 1.1%.

0:56.0

10 of the 11 S&P sectors post-it gains, real estate climbed nearly 4%.

1:01.2

There were also significant rallies from communication services, consumer discretionary

1:05.8

materials and utilities.

1:08.2

Alex King is with Cestrian capital research.

1:11.1

He tells Seeking Alpha that Big tech earnings will impact the market

1:14.8

short term one way or another, but he anticipates continued bullishness into year end.

1:20.9

Now let's look at the bond market. The 10-year Treasury yield fell 14 basis points to 4.09 percent,

1:27.4

while the two-year yields slip three basis points to 4.47 percent. The dollar index dropped about 1 percent.

...

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