XOM - Wall Street Breakfast: Volatility Returns After Big Tech Parade

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Volatility returns after Big Tech paradeAlphabet ([[GOOG]], [[GOOGL]]) took the spotlight of yesterday's Big Tech earnings show, rallying as much as 8% AH as ad sales bounced back sharply from a pandemic slump (YouTube pulled in more than $5B alone). While other peers did quite well, the quarterly reports led traders to pull out of the sector. Facebook (FB) slipped nearly 3% amid a user decline and "a significant amount of COVID-related uncertainty," though revenues were up more than 20% despite ad boycotts. Amazon (AMZN) also fell 1.5% after predicting $4B in pandemic costs next quarter, while Apple (AAPL) declined 4% as iPhone sales missed estimates due to customers holding off on purchases before the release of the iPhone 12.Go Deeper: Twitter tumbles amid slowing user

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Wall Street Breakfast: Volatility Returns After Big Tech Parade