Microsoft & Meta Push Stocks Lower
MRKT Matrix - Thursday, October 31st S&P 500 tumbles for a second day, dragged lower by Microsoft and Meta (CNBC) Wall Street remains confident on Microsoft’s AI story despite weak guidance. Some say to buy the dip (CNBC) Meta Warns of Worsening AI Losses After Sales Narrowly Beat (Bloomberg) Uber Issues Muted Holiday Forecast as It Hits Record Profit (Bloomberg) Super Micro’s $50 billion stock collapse underscores risk of AI hype (CNBC) Comcast is exploring separation of cable networks business (CNBC) Key US Inflation Gauge and Spending Pick Up in Solid Economy (Bloomberg) US Jobless Claims…
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