The Daily Chase: Awaiting tech earnings; Tesla downgraded - BNN Bloomberg

The Dow Jones Industrial Average is looking to make it an 11-sessions in a row of gains. The index climbed for 10th day on Friday, the longest streak since 2017. We are also nine months past the low for the S&P 500 and Bespoke notes that since Second World War, once we get nine months past a major bear market low, the S&P 500 has been higher a year later 12 out of 13 times.

And then we have earnings, 30 per cent of the S&P 500 reports this week featuring reports from Microsoft, Alphabet and Meta which make up 12 per cent of the S&P 500’s market cap.Shares of Shopify were up in the pre-market after an upgrade at MoffettNathanson. The analyst, Michael Morton, starts by addressing the elephant in the room: Shopify trades at an elevated multiple. Nevertheless, the analyst presses on, and says the company is poised for an inflection that consensus is missing.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil steadies as Fed rate hike weighed against tighter market - BNN Bloomberg​Oil steadied after four weekly gains as traders weighed prospects for another hike from the Federal Reserve against signs of a tighter market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Bonds gain, U.S. stocks muted after weak European data - BNN Bloomberg​Global bonds rallied and stock markets were muted Monday, as sharp declines in manufacturing and services gauges across Europe fanned concerns about economic growth.
Source: BNNBloomberg - 🏆 83. / 50 Read more »