{"id":1889,"date":"2024-10-30T17:48:14","date_gmt":"2024-10-30T17:48:14","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1889"},"modified":"2024-10-30T17:48:14","modified_gmt":"2024-10-30T17:48:14","slug":"wall-street-mixed-semiconductors-tumble-as-amd-disappoints-alphabet-rallies-smci-plummets-whats-driving-markets-wednesday","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1889","title":{"rendered":"Wall Street Mixed, Semiconductors Tumble As AMD Disappoints, Alphabet Rallies, SMCI Plummets: What&#8217;s Driving Markets Wednesday?"},"content":{"rendered":"<div>\n<p>Wall Street experienced a mixed trading session on Wednesday as investors weigh a batch of corporate earnings <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/24\/10\/41623984\/us-economy-grows-less-than-expected-in-q3-yet-private-employment-soars-by-233-000\">and fresh economic data.<\/a><\/p>\n<p>The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to advance estimates. This marks a slight deceleration from the previous quarter&#8217;s 3% pace and falls short of analyst expectations of 3%.<\/p>\n<p>On the employment front, the ADP National Employment report showed private payrolls surged by 233,000 in October \u2014well above the 115,000 forecast and a significant increase from the revised 159,000 in September. This stronger-than-expected job growth underscores the resilience of the labor market ahead of Friday\u2019s official jobs report.<\/p>\n<p>In corporate news, <strong>Advanced Micro Devices Inc. <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/AMD#NASDAQ\">AMD<\/a>) dropped 10% after posting quarterly results that met expectations but failed to excite investors. The decline in AMD shares dragged down the broader semiconductor sector, with the <strong>iShares Semiconductor ETF <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/SOXX#NASDAQ\">SOXX<\/a>) sliding over 3%.<\/p>\n<p>In contrast, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41632224\/wall-street-mixed-semiconductors-tumble-as-amd-disappoints-alphabet-rallies-smci-plummets-\" alt=\"Wall\" street mixed semiconductors tumble as amd disappoints alphabet rallies smci plummets: what driving markets wednesday>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street experienced a mixed trading session on Wednesday as investors weigh a batch of corporate earnings and fresh economic data. The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to advance estimates. This marks a slight deceleration from the previous quarter&#8217;s 3% pace and falls short of analyst [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1889","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1889"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1889\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}