MARKET WRAP: JSE closes weaker amid poor US tech company earnings
Disappointing results and dim outlooks from major US tech companies weighed on global stocks
28 October 2022 – 19:27
The JSE ended off the session’s lows on Friday, having traded weaker along with its global peers as investors digested US economic data and disappointing earnings reports from major tech companies.
Weak results and dim outlooks from Amazon, Microsoft, Alphabet and Meta weighed on sentiment with the JSE’s all share index falling by as much as 1.4% in intraday trade before recovering a little…
Source: businesslive.co.za