Stocks rally to kick off big earnings week

 


Stocks churned higher during mid-morning trading on Monday, building on earlier gains as investors prepared for a host of corporate earnings this week. Wall Street also braced for heightened geopolitical tensions as the US attempted to advance efforts to contain the Israel-Hamas conflict.

https://www.similartech.com/websites/altosaxo.net 

The Dow Jones Industrial Average (^DJI) increased 1.1% or nearly 400 points while the S&P 500 (^GSPC) gained about 1.2%. The tech-heavy Nasdaq Composite (^IXIC) increased more than 1%. 

https://pay.reddit.com/user/JorgEdenson 

Earnings season picks up steam this week, with reports from Goldman Sachs (GS) and Bank of America (BAC) due Tuesday after upbeat results from their Wall Street peers. Updates from Tesla (TSLA) and Netflix (NFLX) kick off tech earnings on Wednesday, likely to be scrutinized for clues to the sector's resilience amid higher-for-longer interest rates. 

https://www.topsitessearch.com/altosaxo.net/ 

Alongside JPMorgan's results on Friday, CEO Jamie Dimon said this may be "the most dangerous time the world has seen in decades," a warning that is still resonating days later.

https://www.reddit.com/r/Music/comments/175mae8/power_trip_festival_2023_review_metallica_gnr/ 

Investors remain focused on the Middle East crisis — and right now on whether the US and its allies can stop the clash from drawing in other countries, especially Iran. A full-blown regional conflict could send oil prices surging well above $100 a barrel, risking a global recession, some analysts believe. 

https://www.shops1000.com/PT/Lisbon/108795873929933/ALTOSAXO 

Crude oil futures (CL=F) and Brent crude futures (BZ=F) traded in a tight range on Monday around $87 and $91 a barrel, respectively, after climbing almost 6% on Friday.

https://pay.reddit.com/user/JorgEdenson?count=25&after=t3_170a0ly 

But prices for gold and bonds fell, attracting those seeking safe havens. The 10-year Treasury yield (^TNX) rose to 4.69%, recouping some of its losses from last week. 

https://www.reddit.com/r/festivals/comments/175md49/power_trip_festival_2023_review_metallica_gnr/ 

Tesla (TSLA): Shares of the electric car maker rose more than 1% Monday morning as investors positioned themselves ahead of the company's earnings on Wednesday. While Detroit's Big Three automakers are still dealing with locked ongoing strikes, Tesla recently missed Wall Street's estimates for third quarter deliveries, and margins remain a key concern for the electric vehicle maker. Margins have declined throughout 2023 as the company has used price cuts to ignite demand.

https://www.reddit.com/r/rock/comments/175mgt2/power_trip_festival_2023_review_metallica_gnr/ 

Bitcoin (BTC-USD): The price of the dominant cryptocurrency rose 5% on Monday morning after the Securities and Exchange Commission did not appeal a recent decision on crypto asset manager Grayscale's application for the approval of a bitcoin exchange-traded fund (ETF).

https://www.shops1000.com/PT/Lisbon/108795873929933/ALTOSAXO?e=29305756 

CVS (CVS): Shares of the pharmacy chain gained 1.7% during morning trading after rival drugstore operator Rite Aid (RAD) filed for bankruptcy. Rite Aid’s shares sank more than 5%. 

https://www.reddit.com/r/GunsNRoses/comments/175mni0/power_trip_festival_2023_review_gnr_iron_maiden/ 

Lululemon (LULU): Shares of Lululemon increased by more 8% ad the athleisure wear company prepares to join the S&P 500 index.

https://www.reddit.com/r/Metallica/comments/175moz4/power_trip_festival_2023_review_metallica_gnr/ 

Pfizer Inc. (PFE): Pfizer's shares fell by over 1% on Monday after the drugmaker cut the sales forecast for its COVID vaccine. The news dragged down other COVID-heavy stocks. Moderna (MRNA) and BioNTech (BNTX), Pfizer's COVID vaccine partner, both fell by more than 6%. 

https://www.shops1000.com/PT/Lisbon/108795873929933/ALTOSAXO?e=29305754 

Wall Street pushed stocks upward on Monday morning, as investors and tech companies braced for quarterly earnings scheduled for later this week, most notably from Tesla (TSLA) and Netflix (NFLX).

https://www.reddit.com/r/festivals/comments/175mwml/acl_music_festival_2023_weekend_one_review_foo/ 

The S&P 500 (^GSPC) edged up by about 0.5%, while the Dow Jones Industrial Average (^DJI) increased 0.6% or roughly 200 points. The tech-heavy Nasdaq Composite (^IXIC) gained 0.3%.

https://www.reddit.com/r/Foofighters/comments/175mybb/acl_music_festival_2023_weekend_one_review_foo/

 

Ending.

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