Closing Bell: Meta meltdown, Amazon and Apple on deck, Can the rally last without tech? 10/27/22
The major averages were mixed in Thursday trading as a stronger-than-expected GDP report and solid blue chip earnings offset Meta\u2019s share meltdown. Lerer Hippeau managing partner Eric Hippeau and LightShed\u2019s Brandon Ross join to discuss Mark Zuckerberg\u2019s big bet on the metaverse, and if it will ever pay off. Matthew Ball, who founded the metaverse ETF, weighs in on the future use cases for the technology. Cantor\u2019s Eric Johnston discusses if the broader equity comeback can last in the face of disappointing tech results. Plus Lazard\u2019s Peter Orszag on the midterm impact on the market, DA Davidson\u2019s Tom Forte on Apple and Amazon, and the buzz on why Credit Suisse just took a major leg lower.