Latest news with #BigTech
Yahoo
9 hours ago
- Business
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures trade flat as Wall Street braces for Big Tech earnings
US stock futures traded flat as investors prepared for earnings season to pick up steam, with Big Tech earnings ahead. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) ticked up 0.1%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) held steady. On Monday, the S&P 500 and Nasdaq cleared fresh records even as the EU prepared for a no-deal scenario with the US ahead of President Trump's Aug. 1 deadline to strike trade agreements. Read more: The latest on Trump's tariffs Meanwhile, Wall Street is eagerly waiting for second-quarter earnings results from tech heavyweights Alphabet (GOOGL, GOOG) and Tesla (TSLA) on Wednesday. As the valuation of large-cap tech stocks soars, investors are hoping for reassurance that the hype around AI is more than just buzz. Tesla, with its stock down roughly 20% this year, faces particular scrutiny over how its core auto business is performing amid CEO Elon Musk's political activities and other headwinds. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 hours ago
- Business
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures trade flat as Wall Street braces for Big Tech earnings
US stock futures traded flat as investors prepared for earnings season to pick up steam, with Big Tech earnings ahead. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) ticked up 0.1%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) held steady. On Monday, the S&P 500 and Nasdaq cleared fresh records even as the EU prepared for a no-deal scenario with the US ahead of President Trump's Aug. 1 deadline to strike trade agreements. Read more: The latest on Trump's tariffs Meanwhile, investors are eagerly waiting for second-quarter earnings results from tech heavyweights Alphabet (GOOGL, GOOG) and Tesla (TSLA) on Wednesday. As the valuation of large-cap tech stocks soars, investors are hoping for reassurance that the hype around AI is more than just hype. Tesla, with its stock down roughly 20% this year, faces particular scrutiny over how its core auto business is performing amid CEO Elon Musk's political activities and other headwinds. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
9 hours ago
- Business
- The Star
U.S. stocks close mixed as crucial week of earnings starts
NEW YORK, July 21 (Xinhua) -- U.S. stocks ended mixed Monday as investors geared up for a packed week of earnings dominated by Big Tech. The Dow Jones Industrial Average fell 0.04 percent to 44,323.07. The S&P 500 gained 0.14 percent to 6,305.6, while the Nasdaq Composite Index rose 0.38 percent to 20,974.17. Sector performance was uneven. Communication services led gains with a 1.9 percent rise, while consumer discretionary and materials also advanced. Energy and health stocks fell 0.96 percent and 0.61 percent, respectively. U.S. Commerce Secretary Howard Lutnick reaffirmed the Aug. 1 deadline for implementing new tariffs, while U.S. Treasury Secretary Scott Bessent emphasized the administration's focus on deal quality over speed. "Rarely do you injure yourself falling out of a basement window. With expectations so low in earnings, I think that the end result will end up being better than anticipated," Sam Stovall, chief investment strategist at CFRA Research, told CNBC. "That is encouraging for the market as well." Investors remained focused on earnings season, with 62 S&P 500 companies having reported so far. Of those, over 85 percent have topped expectations, according to FactSet. Verizon Communications shares surged about 4 percent after the company beat second-quarter expectations Monday, lifting hopes for similarly strong results across the board. Cleveland-Cliffs also posted solid earnings, further boosting sentiment. Mega-cap tech names, which have powered much of the recent rally, were mostly higher. Alphabet led the group, rising 2.8 percent ahead of its earnings report Wednesday. Broadcom climbed 1.72 percent, while Amazon and Meta Platforms each gained more than 1 percent. Apple and Microsoft inched higher, while Nvidia and Tesla slipped slightly. Tesla is also due to report earnings Wednesday.
Bloomberg
11 hours ago
- Business
- Bloomberg
The S&P 500 Clinches Another Record
Good morning. The S&P 500 notches a fresh record. China's planned mega-dam is stirring the pot in South Asia. And Samsung leans on AI to take on the Apple Watch. Listen to the day's top stories. The S&P 500 closed above 6,300 for the first time as traders look for signs of resilience in earnings amid trade turmoil. Wall Street's biggest bull at Wells Fargo is as optimistic as ever, expecting the benchmark to notch double-digit gains in the second half thanks to Big Tech. The yen extended gains, but strategists warned of risks to the currency and Japanese government bonds after Prime Minister Shigeru Ishiba's election defeat.
Bloomberg
13 hours ago
- Business
- Bloomberg
Verizon CEO on What Drove the Company's Solid Quarter
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." Big tech on deck as investors brace for a busy earnings week that includes results from Tesla and Alphabet. Invesco wants to break open its QQQ piggy bank as Wall Street calls it a game changing event. Verizon CEO Hans Vestberg joins Open Interest to talk about the company's solid earnings beat. And Pennsylvania Senator Dave McCormick joins us on the President's visit to Pittsburgh last week and how he's trying to turn the keystone state into an AI-hub. (Source: Bloomberg)
