Big Tech rallies late on - Squawk Box Europe Express

What this episode covers

A late rally from Big Tech stocks pushes the Nasdaq to the brink of a fresh record high as earnings season begins in earnest. German computing giant SAP hikes its FY guidance following a top and bottom-line Q3 beat on the back of strong cloud revenues. Maersk raises its FY outlook for the fourth time this year. In autos news, monthly new car sales decline as demand for plug-in hybrid wanes, dropping more than 20 per cent across all major markets. Hyundai Motor India stock plunges 5 per cent as the retail sector response to the Bombay Sensex listing – the country’s largest ever IPO - is muted.

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Frequently Asked Questions

How long is this episode of Squawk Box Europe Express?

This episode is 25 minutes long.

When was this Squawk Box Europe Express episode published?

This episode was published on October 22, 2024.

What is this episode about?

A late rally from Big Tech stocks pushes the Nasdaq to the brink of a fresh record high as earnings season begins in earnest. German computing giant SAP hikes its FY guidance following a top and bottom-line Q3 beat on the back of strong cloud...

Can I download this Squawk Box Europe Express episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.