5 ms·
SPY and VTI are down like 0.65% right now and haven't even given up yesterday's gains. Plus a bunch of non-Meta tech companies missed on earnings yesterday. Com
by skizm 4y ago
SPY and VTI are down like 0.65% right now and haven't even given up yesterday's gains. Plus a bunch of non-Meta tech companies missed on earnings yesterday. Come on.
- time_to_smile 4y agoI regularly keep up with financial news and it's hilarious how each morning financial reporters quickly rush together articles about "<direction market moved> caused by <current top news story>". I really enjoy the pre-market opening reports, always trying to predict the direction of the market (usually based on the current futures direction) that are, as expected, wrong about half the time. The best are when you can catch two contradictory headlines based on when they were published relative to market movements. A stock movement that's within two standard deviations of typical price movements is very likely not the result of a single new piece of information.
- jnsie 4y agoBefore reading this headline I was sure that the market was down specifically because of those underwhelming tech earnings. Futures were down when I checked in last night and before the jobs report news broke. I think the claim that the jobs report is influencing anything is unproven at best, willfully misleading at worst.