Morningstar Senior Equity Analyst Ali Mogharabi joins Yahoo Finance Live to discuss the expectations for Google’s fourth-quarter earnings, trends to watch for across digital advertising, macro environment uncertainty, and the outlook for tech ad spending.
The Federal Reserve Bank is set to meet later this week to plot a course for interest rate increases, and some of the biggest technology companies are on deck to release their quarterly financial reports. Taken in total, this suggests investors are a bit nervous about the overall state of the economy and what it means for these upcoming financial reports. With that as a backdrop, shares of Amazon (NASDAQ: AMZN) declined 1.4%, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) slipped 2%, and Atlassian (NASDAQ: TEAM) fell 2.8%, as of 12:38 p.m. ET.
(Bloomberg) -- The US economy grew faster than expected in the last quarter of 2022, but the mixed GDP report also showed consumer spending that was slower than forecast, suggesting that the burden of rising prices and higher borrowing costs will continue to pressure demand as this year progresses. Following the ongoing trend, investors will look to companies reporting earnings this week to provide further insight into their expectations surrounding the impact of worsening economic conditions on