Thursday's Global News: Google's Performance Falls Short of Expectations, Stock Plunges 10% After Hours
2026-10-29 07:55:32
According to CoinMeta, the major global news on Thursday includes: Google's parent company Alphabet reported third-quarter revenue and profits that fell short of expectations, resulting in a 10% drop in its stock price after the market closed. Microsoft's cloud business revenue increased by 48% in its first fiscal quarter, with overall revenue growing by 19% to $92.3 billion, causing its stock price to rise by 6% after the market closed. Optical communication giant Avago Technologies is in advanced negotiations to acquire data center optical components manufacturer Lumentum; Lumentum's stock price rose by over 15% after the market closed, while Avago Technologies' stock price fell by over 10%. U.S. Vice President Pence has written to Iran's Supreme National Security Council Secretary Larijani in an attempt to restart peace talks. The three major U.S. stock indices all closed higher, with the Nasdaq rising 0.27%, the Dow Jones Industrial Average rising 0.19%, and the S&P 500 Index rising 0.28%. International oil prices also rose, with December-delivered WTI crude oil futures increasing by 2.9%, closing at $102.78 per barrel.
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Source:CLS‌
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