Stocks still eye weekly wins despite big tech bust

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If you hold stocks or exchange-traded funds, history tells us you could lose anywhere from half your money to almost all your money. That's why I've just released a special video, Collapse of 2022: How to Protect Your Money and Wealth Swiftly. I'll show you six simple steps to protect your money immediately and profit directly from market declines. [Click here to watch my urgent briefing now.]( Sponsored  ---------------------------------------------------------------  Big Tech earnings were the talk of the town this week, and determined much of Wall Street’s price action. Cooling Treasury yields also influenced stocks, with the Dow Jones Industrial Average (DJI) notching its best close since Sept. 12, and stringing together five-straight wins. A better-than-expected gross domestic product (GDP) boosted the blue-chip index as well. Meanwhile, the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) cut their three-day rallies short, after Alphabet’s (GOOGL) earnings miss and Microsoft’s (MSFT) sales warning. Top Big Tech & Blue Chip Results Tech and blue-chip stocks experienced varying levels of success in the confessional this week. As previously alluded to, MSFT forecast a drop in personal computer sales, and GOOGL was pacing for its worst day since March 2020 after a third-quarter earnings and revenue miss. AMZN hit a two-year low after predicting slowing sales over the holidays, and Meta Platforms (META) fell to its lowest level in seven years after issuing a weaker-than-expected current-quarter outlook. Apple (AAPL) managed to buck the Big Tech bust, however, after scoring a revenue record. On Analysts’ Radars Before META’s post-earnings beating, BofA Global Research downgraded the equity to “neutral”, calling its move to Reels on Instagram and Facebook as a “potential negative for gross margins and long-term competition.” Meanwhile, Jefferies noted that Williams-Sonoma (WSM) is a “poster child” for retailers that over-earned during the pandemic. Fed Announcement to Jumpstart November October comes to a close next week, and November kicks off at full speed. Both the S&P U.S. manufacturing purchasing managers’ index (PMI) and the Institute for Supply Management (ISM) manufacturing index are due out, in addition to the ADP employment report and nonfarm payrolls. Plus, the Federal Open Market Committee (FOMC) is set to make a big announcement. Some major reports are also on tap, with earnings results to come from Airbnb (ABNB), CVS Health (CVS), DoorDash (DASH), Dropbox (DBX), Etsy (ETSY), Eli Lilly (LLY), PayPal (PYPL), Pfizer (PFE), and Starbucks (SBUX), to name a few. A risk-on phase may be imminent, though, and now is a good time to prepare for Election Day.  The information provided is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are from 3rd parties, claims have not been independently verified by us, and we have not been compensated in any way to review the companies or symbols mentioned. [Read the original article here.](  ---------------------------------------------------------------  This "side income" is 100% recession proof (and beginner friendly) Have you seen the price of gas lately? It's only getting worse. Here's why it doesn't matter…even if gas goes up to $10 / gallon. Because there's now a new way to make $500-$2,000 per day created by Scott Phillips. He agreed to reveal everything with two stipulations: Only 100 people will be allowed to attend, and there will be NO recording. 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