Big Tech Earnings, Powell's Decision, and Pershing Square IPO in Morning Squawk
Four of the Magnificent Seven tech companies reported earnings, with mixed reactions from investors. Meta's shares fell 9% pre-market due to losses in its Reality Labs unit and internet disruptions in Iran, while Alphabet's shares rose over 7% due to strong cloud revenue and increased capital expenditure guidance. The Federal Reserve's Jerome Powell is set to leave after his final press conference.
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Topics: Alphabet Amazon Earnings Reports Market Movements Meta Microsoft Tech Sector