Wall Street gets lift from strong earnings at end of rough month
Updated : October 31, 2018 08:03 PM IST
Shares of Facebook Inc jumped 6.2 percent after the social media giant eased investor concerns by forecasting that margins would stop shrinking after 2019 as costs from scandals ease up.
Facebook reported a second-straight quarter of record-low user growth, confirming fears of slowing growth, but analysts said the results were not as bad as feared.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more