Big Tech needs to go beyond beating expectations [Video]

This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

Big Tech drags down markets Major U.S. indexes slumped on Thursday, weighed down heavily by losses in Big Tech shares. All three indexes fell for the month. Asia-Pacific markets mostly followed Wall Street downwards on Friday morning, with Japan’s Nikkei 225 shedding around 2.5%. But China’s CSI 300 and Hong Kong’s Hang Seng index rose on news that China’s factory output grew in October.

Apple and Amazon beat estimates Apple’s fiscal fourth-quarter earnings and revenue exceeded LSEG consensus estimates. The Cupertino-based company’s iPhone revenue grew 6%. Meanwhile, Amazon also beat Wall Street’s expectations for its third-quarter earnings and revenue. While the company’s cloud division missed revenue expectations, it’s growing faster than it had in the …

Tags Online Marketing, Seo, Video Maker