Market Digest: Tech Earnings Shake Equities as Crypto Holds Steady
U.S. equities showed divergent trends Thursday amid high-stakes trade talks and a flurry of tech earnings. Chipotle Mexican Grill (CMG) tumbled after revising comparable-sales guidance downward, while Alphabet (GOOGL) surged past $100 billion in quarterly revenue - a first for the tech behemoth.
Meta Platforms (META) faced sharp declines after missing earnings estimates, attributing underperformance to tax policy changes. The crypto market remained conspicuously absent from these traditional market gyrations, with major digital assets maintaining their ranges despite equity volatility.
Eli Lilly (LLY) emerged as a standout, riding demand for its weight-loss pharmaceuticals to upward guidance revision. The disconnect between tech earnings drama and crypto stability highlights digital assets' growing independence from traditional market sentiment.
