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Tech Giants and Retailers Dominate a Crucial Week for Earnings Reports

Reports from Nvidia, Salesforce, Dell, and CrowdStrike are set to headline a busy week for earnings in the tech sector. Investors are also eyeing financial updates from major retailers like Dollar General, Five Below, Abercrombie & Fitch, and Ulta Beauty. The week will be capped off with crucial inflation data on Friday, which will be…

ByPexecoAugust 25, 20240Comments

Stocks

CrowdStrike Stock Plunges, Rivals Jump, as Update ‘Defect’ Causes Microsoft Outage

KEY TAKEWAYS CrowdStrike shares plunged in premarket trading Friday, while those of its rivals surged, after the cybersecurity firm said an update "defect" caused Microsoft's cloud services outage. The outage impacted services globally of airlines, banks, and other businesses Friday. Wedbush analyst Dan Ives told CNBC that while CrowdStrike's long-term story stayed intact, rivals "will try to…

ByPexecoJuly 19, 20240Comments

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Tech Giants and Retailers Dominate a Crucial Week for Earnings Reports