Earnings Live Updates: Datadog Plunges 20% Amid Likely Profit Taking, Dragging on Software Stocks The latest earnings reports from Silicon Valley are sending shockwaves through the stock market.
At first glance, the numbers seem impressive: analysts expect the S&P 500 to post a 47. 5% year over year earnings growth rate in the second quarter. However, this exuberance can be short lived.
Companies like Datadog, AMD, Sandisk, and Western Digital have been riding high on their own strong earnings reports.