Stock Market Update for Thursday November 16, 2023 Are Negative Results from Major Companies a Signal of a Weaker Economy For 2024? The most significant news came from the underperformance of major stocks like Walmart, Palo Alto Networks, and Cisco. The negative results from these companies are not just individual setbacks; they collectively point towards a broader economic weakness. This revelation was not taken lightly by the market, as reflected in the downturn of these stocks. Despite the unsettling news from these key companies, the overall market showed resilience, ending the day relatively flat. This outcome was mainly due to money rotating to the big tech company's. This move helped prop up the market, even amidst the concerning earnings reports.