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Happy Friday, Bull Sheeters. Big Tech’s big four—Apple, Amazon, Facebook and Alphabet’s Google—reported on Thursday a combined $38 billion in profits, and yet Nasdaq futures are bombing this morning on the murky outlooks they provided.
Meanwhile, COVID cases hit fresh records across much of Europe and the U.S. in the past 24 hours. It’s entirely possible that Americans will see numbers topping 100,000 cases per day shortly after Election Day.
Let’s check in on the action.
- The major Asia indexes are solidly in the red in afternoon trading with Japan’s Nikkei down 1.5%.
- Demand for Ant Group shares is feverish on the eve of its record-breaking IPO, forcing its underwriters to boost the fund-raising effort to a whopping $37