Reuters - Video

EDITION: U.S. | U.K. | IN

Finance Videos

Google, Microsoft may restore faith

Thursday, Apr 18, 2013 - 02:10

Apr 18 - Summary of business headlines: Higher earnings at Google and Microsoft could restore confidence in battered tech stocks; Apple slides further as Verizon sales signal trouble for iPhone; Stocks fall as economy trumps profits. Conway G. Gittens reports.

▲ Hide Transcript

View Transcript

Wall Street takes a fall for the fourth time in five sessions, and technology once again is the leader of the pack. The Nasdaq shed another 1.2 percent - falling to its lowest close since early March. It was a very busy day for earnings. After the close: Google - first-quarter paid clicks jumping double-digits from a year ago and 3 percent from the prior quarter. Costs per click decreased on both fronts - pointing to solid growth in its core Internet business. And despite all the talk of a slumping personal computer market, Microsoft saw sales for its key Windows division up 23 percent from a year ago; that along with tight cost controls helped offset total revenues which came in just under forecasts. International Business Machines - also out with results. The tech services giant out with higher first quarter earnings - but they fell short of estimates. The blame: falling value of the yen. Earlier in the day, investors received another clue into what may be happening at Apple. Verizon says it activated 2 million fewer iPhones in the first quarter compared to the fourth quarter, and of those activations half were the cheaper, older models. Apple continues its slump - posting its lowest close since December 2011. That didn't poor cold water on Verizon, though. Subscriber numbers are up and costs are down which means profits topped forecasts. Pepsi was able to push through price hikes and that boosted results ahead of Wall Street forecasts. And Morgan Stanley swung to a quarterly profit thanks to growth in its wealth management business. It was economic fear, though, which dominated market psychology. A gauge of future business activity fell for the first time in seven months. Meantime, a separate reading on business activity in the Mid-Atlantic states showed growth cooling in that part of the country. One bright spot: jobless claims rose slightly - which suggest the labor market is not getting worse. European stocks extended their slide led by a sell-off in the banking sector.

Google, Microsoft may restore faith

Thursday, Apr 18, 2013 - 02:10

Money »

S&P 500 just shy of record S&P 500 just shy of record

5:35pm EDT - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

Markets cheer Russia's Ukraine exit Markets cheer Russia's Ukraine exit

Fri, Aug 08, 2014 - (1:50)

Russia, Iraq push Dow to three-month low Russia, Iraq push Dow to three-month low

Thu, Aug 07, 2014 - (2:27)

Wall Street gains but telecom disconnected Wall Street gains but telecom disconnected

Wed, Aug 06, 2014 - (2:28)

Stocks zapped by energy weakness Stocks zapped by energy weakness

Tue, Aug 05, 2014 - (2:46)

Stocks recover with refocus on earnings Stocks recover with refocus on earnings

Mon, Aug 04, 2014 - (2:19)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, Apr 14, 2014 - (3:28)