Wall Street Mixed, Semiconductors Tumble As AMD Disappoints, Alphabet Rallies, SMCI Plummets: What's Driving Markets Wednesday?

Quick Summary:

Wall Street experienced a mixed trading session on Wednesday as investors weigh a batch of corporate earnings and fresh economic data.The U.S.economy grew at an annualized rate of 2.8% in the third quarter, according to advance estimates.

On the employment front, the ADP National Employment report showed private payrolls surged by 233,000 in October —well above the 115,000 forecast and a significant increase from the revised 159,000 in September.

In corporate news, Advanced Micro Devices Inc.(NASDAQ:AMD) dropped 10% after posting quarterly results that met expectations but failed to excite investors.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: Broad U.S. Equity ETFs MDLZ Sector ETFs RDDT US81369Y8865 Macro Economic Events CH0114405324 US5949181045 AMGN US78462F1030 US4642876555 Top Stories US0311621009 XLK SOXX XLU US0530151036 US0079031078 US78467X1090 XLC US92826C8394 Benzinga US1491231015 Equities SMCI US73935A1043 Stories That Matter DIA US1696561059 V ETFs SPY CAT US86800U1043 Tech Econ #s Cryptocurrency SNAP QQQ META Large Cap US81369Y8030 CB LLY MSFT $BTC ADP Earnings Pro Project ABBV AMD BKNG US4642875235 Movers US5324571083 Economics GRMN Commodities CMG Markets IWM US1712321017

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-10-30 @ 17:35:06 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 395 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Benzinga

News ID: 23341326

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