![]() Microsoft will be followed by Apple, Tesla, Intel and Samsung this week, with more to come from Alphabet, Amazon and Meta next month – a litmus test for a newly acid view on a sector that now dominates the stock markets and much of daily life.Īlready one of the pandemic’s winners has shown how much the mood has changed. Its shares initially fell 5% in after-hours trading. ![]() The Seattle-based tech giant announced sales topping half a billion a day and a profit of more than $18bn. ![]() The latest test of investor resolve came on Tuesday when Microsoft released its quarterly results. The “wild rumpus” has begun, according to Grantham. It is not just tech that has blown up, but housing prices, commodities and bond prices. Jeremy Grantham, the British co-founder of Boston-based investment manager GMO, believes the US is now in a “super-bubble” comparable to the dotcom era, the Wall Street crash of 1929, and the housing market madness of 2006. The Fed on Wednesday issued its latest update on its plans to raise rates in order to curb inflation, and the world’s largest tech firms are preparing to issue their latest results to investors, who appear to have grown more skeptical about their prospects. ![]() Analysts expect more volatile days ahead. Tuesday was more of the same with the Dow losing 800 points only to gain most of it back. The Dow Jones at one point lost more than 1,000 points before ending up just over 100. On Monday, US stock markets crashed then rallied. ![]()
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