The Standard & Poor's and the Nasdaq fell as earnings expectations weakened

The Standard & Poor's and the Nasdaq fell as earnings expectations weakened

The S&P and the Nasdaq fell as earnings expectations weakened as disappointing forecasts from companies like PayPal and Apple supplier Skyworks weighed on the mood, and Skyworks Solutions Inc (SWKS.O) shares fell 6% after the company forecast lower revenue and earnings for the current quarter. from estimates. Shares of PayPal Holdings (PYPL.O) fell 11.8% and weighed on the S&P 500 after the company cut its margin forecast, while shares of Boeing (BA.N) rose 1.7% after low-cost carrier Ryanair Holdings Plc (RYA. I) Buying Boeing billions of dollars.

The Dow Jones Industrial Average rose 4.94 points, or 0.01%, to 33,623.63 points, while the Standard & Poor's 500 index declined by 9.1 points, or 0.22%, to 4,129.02 points, and the Nasdaq Composite Index fell 51.65 points, or 0.42%, to 12,205.27 points.