Oliver Gray 

After a torrent of Big Tech earnings disappointments, Investing.com fell on Thursday night. Investor sentiment was sour after a strong performance during regular trade based on major benchmarks.

They were at 6.35 ET (11.35 GMT) and had fallen 0.3% (0.8%), 1.4%, and 0.3% respectively by 6:35 PM ET.

Amazon.com Inc. (NASDAQ:) suffered 8.6% in extended deals after its first quarter results. However, it issued weaker than expected revenue guidance for its second quarter. The adjusted EPS was $7.38, compared to $8.36 anticipated. This is based on revenue of $116.44 million versus $116.3 millions expected. The company also recorded a $7.6 billion loss on its Rivian investment.

Apple Inc. (NASDAQ:) posted a strong beat but was 2.3% lower. However, CFO Luca Maestri stated that supply chain issues could limit fiscal third-quarter revenue. EPS came in at $1.52 compared with $1.43 for revenues of $97.28 million versus $93.89 trillion expected.

Robinhood Markets Inc (NASDAQ) fell 10.6% following losses per share at 45cs, compared to 36cs anticipated on revenues of $299million versus $355.8 million. Also, the company reported that there was a decline in active users per month to 15.9million compared with 17.7 million last year.

Intel Corporation (NASDAQ 🙂 fell 4% following the release of company results. The company issued weaker guidance than anticipated for its fiscal second-quarter. On revenues of $18.35billion, adjusted EPS was 87cs. This compares to 81cs anticipated.

Western Digital Corporation (NASDAQ: ) was 0.7% more in extended trading after it reported earnings per share of $1.65, which is $1.49 higher than expected. This resulted from revenue of $4.38 trillion versus expected $4.34 billion. The company also exceeded revenue expectations and provided strong guidance for next quarter.

On the economic front, the Commerce Department reported that U.S. unexpectedly declined in the first quarter by 1.4% from the previous year, compared to market expectations of 1% growth.

Investors are now focusing their attention on new data. The is due to be out at 10:00 ET. In the meantime, Honeywell International Inc. (NASDAQ:), and Bristol-Myers Squibb Company. (NYSE:) will report earnings results prior to the bell. Energy companies, however, are not expected to do so. Exxon Mobil Corp (NYSE:) Chevron Phillips 66 and Corp (NYSE:), will also be reporting.

During Thursday’s regular trade, the rose 614 points or 1.9% to 33,916.4, the advanced 2.5% to 4,287.5 and the jumped 3.1% to 12,871.5. For the month, the Dow is down 2.2% and the S&P 500 has fallen 5.4% while The Nasdaq is on pace for its worst month since March 2020, down 9.5%.

The yields on the bond market were 2.832%.