Oracle & Broadcom are the ones to read about today.
Leading equity indices in the US declined as Nasdaq lost 1.49% and ended the session at 10,546. S&P 500 shed 0.9% and closed at 3,817.66.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. Usually, these reports are released four times a year (quarterly reports) and have a significant impact on the market. These announcements are typically taken into consideration when making predictions.
Markets were down, mega cap stocks have released their quarterly earnings reports. Have a look at this rundown.
After closing Friday at $79.58, Oracle closed at $80.5 yesterday after climbing to $81.1 and dropping back down.
Oracle hit a significant low of $61.07 around 2 months ago, but has since recovered 30.31%. So far in 2022, it has been outperforming the Nasdaq by 40.87%. The company's market cap currently stands at $217 billion with an average daily volume of 8.17 million shares.
Pronounced bearish sentiment in the market pushed the semiconductors company into a notable 0.3% slide yesterday, falling $1.68 and ultimately closing at $549.63.
Having set a significant low of $427.1 2 months ago, the semiconductors design company is trading 29.08% higher. So far in 2022, it has performed better than the Nasdaq by 32.28%. The company is currently trading with a market cap of $222.60 billion with an average daily trading volume of 2.51 million shares.