"The combined capital expenditure of Amazon, Alphabet, Meta and Microsoft is forecast to nearly double year-over-year, climbing 98% to an all-time high of $715 billion in 2026."
"GameStop has offered to buy eBay in an unsolicited offering, sending shares of the auction platform higher by nearly 5% on the day."
"Oil markets swung sharply after conflicting reports emerged over an alleged Iranian strike on a U.S. warship near Jask island."
"The index's resilience traces back largely to Alphabet, whose shares have surged roughly 30% over the past month."
The Nasdaq Composite is experiencing slight gains due to strong earnings and tech stock support, despite crude oil price fluctuations. GameStop's unsolicited offer to buy eBay has positively impacted eBay's shares. Oil prices surged following conflicting reports about an Iranian strike on a U.S. warship. Major tech companies, including Amazon, Alphabet, Meta, and Microsoft, are projected to significantly increase capital expenditures by 2026, with Amazon leading the way. Current market indices show mixed results, with the Dow Jones down and the Nasdaq slightly up.
Read at 24/7 Wall St.
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