The wider sentiment in the markets is downbeat as worries about lower global growth, rising inflation and interest rate hikes are dominating the headlines.
In early June, Microsoft cut its fourth quarter guidance because of unfavourable moves in the currency markets.
Earlier this month, Tesla announced plans to carry out a three-for-one stock split. The move was approved by the board of directors, and it will come into play on 25 August.
Visa’s share price saw a spike in volatility last month when the company posted its third-quarter earnings.
NVIDIA’s share price skyrocketed in 2021 because of the lockdowns as there was a surge in demand for items that require chips.
Last Wednesday, the minutes from the Federal Reserve’s meeting in July were released.
UK inflation hit 10.4%, a fresh 40-year high, it was a sizeable increase on the 9.4% posted in June and it topped forecasts of 9.8%.
Big box retailers have struggled in recent months as the post pandemic boom is over and now, they must contend with supply chain issues, rising inflation and diminishing consumer appetite.
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