A Disappointing End To The Week – Investing.com

A Disappointing End To The Week – Investing.com

Stock markets have turned negative on the final trading day of the week, with Europe tracking Asia lower and U.S. markets expected to follow.

Whether this is the start of a late summer pullback or just a bit of profit-taking following an eventful week isn’t clear at this stage. It’s been a funny old week of incredible earnings, downbeat outlooks for the current quarter, mixed data and a cautious Fed. The buzz around the second quarter is fading and it may well be affecting investor sentiment.

It seems most of the big tech companies that have been reliably growing at an extraordinary rate for numerous quarters are all facing issues in the coming quarters either related to supply chains, advertising, sales growth or a combination of these. It’s far from a doom and gloom story but things may become a little more challenging than they have been.