Visa Inc., Cisco Systems, NVIDIA are the ones to read about today.
Leading equity indices in the US declined as S&P 500 shed 1.79% and closed at 3,999. After dropping 1.4%, Dow Jones closed at 33,947.
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 ending Friday at $217.66, Visa Inc. dropped to $213.05 early in today's session and closed at $213.68. In total, it lost 1.83%.
The multinational financial services company is up 22.52% from the significant low of $177.65 it hit 2 months ago. The Dow Jones has been doing worse in 2022, it has been passing it by 4.56%. The company's market cap is $347.84 billion with an average daily volume of 7.44 million shares.
Pronounced bearish market sentiment ensured that the networking and data center provider made a notable 0.74% loss today, declining 37 cents and ultimately closing at $49.33.
Having set a significant high of $63.96 a month ago, the global networking infrastructure manufacturer is trading 26.56% lower. So far in 2022, it has performed better than the Nasdaq by 16.83%. Cisco is currently trading with a market cap of $202.65 billion with an average daily trading volume of 20.17 million shares.
After ending Friday at $217.66, Visa Inc. dropped to $213.05 early in today's session and closed at $213.68. In total, it lost 1.83%.
The multinational financial services company is up 22.52% from the significant low of $177.65 it hit 2 months ago. The Dow Jones has been doing worse in 2022, it has been passing it by 4.56%. The company's market cap is $347.84 billion with an average daily volume of 7.44 million shares.
After ending Friday at $153.22, Walmart declined to $150.51 today before closing at $151.65, thereby losing 1.02% in total.
The warehouse stores chain company now trading 15.78% above its 3-month low of $118.29. So far in 2022, it has been outperforming the Dow by 12.18%. Walmart has a market cap of $408.97 billion with an average daily trading volume of 6.98 million shares.