Expect a short-term corrective move in markets

Markets are mostly in the red with steep US tariffs set to hit in a few hours. While Microsoft's and Meta's strong results limited loss on the Nasdaq, the trend looks downward around the world and in Australia. Delivering quarterly reports, Microsoft briefly hit a value above US$4 trillion, Meta jumped 11%, eBay soared 18%. After market, Apple rose but Amazon and Coinbase fell. This morning ResMed beat forecasts and is up 2.7% at 11.25am (AEST).

Stocks mentioned

• Amazon https://www.moomoo.com/stock/AMZN-US
• Apple https://www.moomoo.com/stock/AAPL-US
• Coinbase https://www.moomoo.com/stock/COIN-US
• eBay https://www.moomoo.com/stock/EBAY-US
• Meta https://www.moomoo.com/stock/META-US
• Microsoft https://www.moomoo.com/stock/MSFT-US
• ResMed https://www.moomoo.com/stock/RMD-AU