In this file photo the fearless girl statue and the New York Stock Exchange are pictured on April 20, 2020 at Wall Street in New York. — AFP picNEW YORK, April 26 — Wall Street’s main indexes rose today as Tesla shares gained ahead of the electric-car maker’s earnings report, which would kick off this week’s results from heavyweight technology companies.
“The market is in a holding pattern waiting for big-tech earnings. We could see a bifurcated result in tech earnings with ad providers like Facebook and Google doing very well, while Apple coming up against very tough comparison year-on-year,” said Thomas Hayes, chairman at Great Hill Capital LLC, New York.
Investors are also looking forward to the two-day Federal Reserve meeting beginning on Tuesday and the first-quarter gross domestic product numbers later this week to gauge the pace of the economic recovery. Meanwhile, analysts at Goldman Sachs, Morgan Stanley, Deutsche Bank have warned of some turbulence ahead, after a rally that has taken the S&P 500 and Dow to fresh records this year.
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