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Wall Street set for lacklustre start as tech stocks weigh

Wall Street set for lacklustre start as tech stocks weigh

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Wall Street is heading for a fall at the opening bell, according to the futures market, led by big tech stocks. The Nasdaq composite index is pitched to tumble over 1%, following the Amazon.com results last night that have are being described as “disappointing” even though revenues were up 24% to an eye-popping US$113bn and profits swelled by a third to US$7.7bn, but both growth measures were slower than the previous quarter a bit short of analyst expectations.

...read full article on Proactive Investors

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