Nasdaq drops 2% after Amazon and Intel earnings, and investors target global agenda
Amazon and Intel are below expectations, Vale has a 53% lower profit and the market follows the interest and employment agenda this Friday.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 3 MIN
Investors started Friday (30) with caution in New York. According to InfoMoney, futures fell and the Nasdaq fell 2% after a wave of quarterly earnings that frustrated part of the market. One of the names in the spotlight is Amazon, whose third quarter results were below expectations in both profit and revenue.
The digital retailer's numbers weighed even more heavily due to cash. According to InfoMoney, the company's free cash flow was negative at US$42.4 billion, while the capex forecast for 2026 was maintained at US$220 billion. Shares fell 6% in after-market trading. Intel also reported results below expectations and was cited along with Amazon.
The combination of lower revenue and profit with negative cash draws attention because it shows how much the company invests in relation to what it generates. For those who follow the index, the movement reinforces the sensitivity of technology stocks at each balance sheet, especially when spending on infrastructure rises.
In Brazil, Vale (VALE3) released its balance sheet on Thursday (29) with a 53% lower profit, according to Money Times, and the company's ADRs were already operating in decline in the pre-market. The mining company's result is on the list of securities that dictate the mood of the Ibovespa this Friday.
On the domestic front, the median of Broadcast estimates for the September unemployment rate, measured by Pnad Contínua, is 5.2%, compared to 5.3% in the previous period, reports Money Times. The data works as a thermometer of activity and helps the market to calibrate expectations for interest rates.
On the international agenda, the Bank of Japan decides the interest rate this Friday, with a quarterly outlook report. The preview of the euro zone's third-quarter GDP, the bloc's unemployment rate and China's purchasing managers' PMIs are also out. Bitcoin also fell on Friday, according to Money Times.
What changes for the investor
For those who invest in the stock market, the dollar and interest rates, the week ends with disappointing balance sheets on one side and macroeconomic data in sequence on the other. Lower-than-expected results tend to weigh on stocks in the short term, but the effect depends on how the market interprets each number. It is worth following the Japanese decision, the Chinese PMIs and the Brazilian unemployment data, without drawing conclusions about the behavior of prices.
Automatically translated from Portuguese.
