U.S. stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.
Tesla kicked off the earnings cycle for technology heavyweights after markets closed on Tuesday, announcing the launch of new electric vehicle models and quarterly revenue that missed analyst estimates. Its shares jumped 6% in extended hours trading.That will be followed by results from other tech majors, including Microsoft, Alphabet, and Meta Platforms META.O, later this week.Markets were also buoyed by upbeat earnings from companies such as General Motors, which closed up 4.
business activity cooled in April to a four-month low due to weaker demand, while rates of inflation eased slightly even as input prices rose sharply, suggesting possible relief ahead for rising consumer prices.Investors will be eyeing the release of the March Personal Consumption Expenditures index - the Federal Reserve's preferred inflation gauge - which is due on Friday.
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Stock market today (April 23, 2024): Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG — Asian benchmarks extended gains Tuesday after U.S. stocks clawed back a chunk of their losses from last week, which was the worst for the S&P 500 in more than a year, while the yen weakened further to fresh 34-year lows. U.S.
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Bolero opens in BGC: Come for the cheesecake, stay for everything elseGF, Verve Tower 2, High street south, 26th 27th Street, Taguig, 0917 120 1228
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'Magnificent, killer, fabulous': Paul McCartney praises Beyonce's 'Blackbird' coverSinger-songwriter Paul McCartney praised fellow artist Beyonce's cover of the Beatles' 'Blackbird,' which is included in her latest album 'Cowboy Carter.'
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Marcos back to onsite work on TuesdayAfter he developed flu-like symptoms last week, President Ferdinand ''Bongbong'' Marcos Jr. would return to onsite work on Tuesday.
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Big-time pump price hike set TuesdayMotorists will have to pay more for petroleum products this week, as oil firms are set to implement a major price hike starting Tuesday to mark the second straight week of upward adjustments for gasoline.
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Class suspensions for Tuesday, April 23, 2024Face-to-face classes for Tuesday, April 22, 2024 have been suspended in some areas due to high heat conditions.
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