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Barchart
Barchart
Oleksandr Pylypenko

Stocks Slip Before the Open as Tech-Led Selloff Continues, Amazon Earnings on Tap

Amazon United States Lisa Cook Japan Alphabet Bank of England European Central Bank

March S&P 500 E-Mini futures (ESH26) are down -0.42%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.55% this morning, pointing to further losses on Wall Street as technology stocks face renewed pressure.

Sentiment was dampened by some negative corporate news. Alphabet (GOOGL) fell over -4% in pre-market trading after Google’s parent reported upbeat Q4 results but said it plans to nearly double capital expenditures this year. Also, Qualcomm (QCOM) plunged more than -12% in pre-market trading after the chip company issued below-consensus FQ2 guidance. In addition, Arm Holdings (ARM) slumped over -6% in pre-market trading as the chip designer’s FQ4 revenue guidance disappointed investors.

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