CNBC DAILY OPEN: CAPEX IS THE NUMBER TO LOOK AT AMID BIG TECH EARNINGS
✍️ The US Federal Reserve lowered interest rates by 25 basis points, while Big Tech companies Alphabet, Meta, and Microsoft reported earnings that beat analyst expectations.
👉 The US Federal Reserve lowered interest rates by 25 basis points
👉 Big Tech companies Alphabet, Meta, and Microsoft reported earnings that beat analyst expectations
👉 Alphabet's quarterly revenue topped $100 billion for the first time
👉 Alphabet, Meta, and Microsoft increased their capital expenditure guidance
👉 Nvidia's market capitalization reached $5.03 trillion, making it the first company to break the $5 trillion barrier
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