Big tech earnings and the impact on markets

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Amazon (AMZN) stock rose after the the company’s fourth quarter earnings report top Street estimates. Apple (AAPL) and Meta Platforms (META) also posted better-than-expected results after the market close on Thursday. Dave Smith, Rockland Trust Executive Vice President and Chief Investment Officer joins Yahoo Finance Live to discuss the role of the Magnificent Seven in the market. Smith sees the earnings of the Magnificent Seven as “critical,” noting “it’s going to move the benchmarks,” due to these companies' contributions to the S&P 500 (^GSPC). Investors should "be careful" with the large tech stocks, insists Smith, who notes "the business models are so dramatically different." He expects "some dispersion" in the Magnificent Seven this year. #youtube #BigTech #stockmarket About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

Published 2024-02-01 · Watch on YouTube ↗
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