Big Tech Earnings Whipsaw QQQ in Late Trading: Markets Wrap
- Treasury 10-year yields edge lower after volatile session
- Oil declines below $84 a barrel; Bitcoin briefly tops $35,000
This article is for subscribers only.
A $201 billion exchange-traded fund tracking the Nasdaq 100 (QQQ) whipsawed in late hours as Microsoft Corp. climbed, while Google’s parent Alphabet Inc. dropped after reporting earnings.
The results came after the end of a session marked by a rebound in stocks, with the S&P 500 halting a five-day slide. Also after the closing bell, Texas Instruments Inc. gave a disappointing revenue forecast and Visa Inc. reported profit that beat Wall Street estimates. Treasury 10-year yields edged lower. Oil declined below $84 a barrel. Bitcoin briefly topped $35,000.