Markets today: Stocks tick higher as focus swings to tech results

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 34 sec. here
  • 44 min. at publisher
  • 📊 Quality Score:
  • News: 164%
  • Publisher: 50%

Asia News

Pacific Rim,Top Asia,Pacific Rim

Stocks edged higher as investor attention moved from U.S. politics to a wave of company earnings, with tech heavyweights Tesla Inc. and Alphabet Inc. due to report later Tuesday.

--

Analysts are keen for details of Tesla’s robotaxi service, while Google parent Alphabet is expected to see a sales boost from its cloud unit. “The earnings season is now shifting gear,” said Andrea Tueni, head of sales trading at Saxo Banque France. “This will be this week’s focus before inflation on Friday. I don’t see a repricing of the ‘Trump trade’ taking place just yet.”In Asia, the yen strengthened against the U.S. dollar as traders look set to trim their carry positions during the summer holiday season.

LVMH, the world’s largest luxury group, is seen reporting an increase in second-quarter sales when it posts results after markets close on Tuesday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

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

Markets today: Stocks hover near record highs as Powell in focusStocks hovered near all-time highs, with traders seeking clues from Jerome Powell about the Federal Reserve’s outlook for interest rates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: European stocks advance with elections in focusEuropean stocks rose as key elections held centre stage and investors grew more optimistic about U.S. Federal Reserve interest-rate cuts following U.S. economic data that supported the case for easing.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: tech lifts U.S. stocks as FedEx up in late hoursA rally in the world’s largest technology companies lifted stocks, with Nvidia Corp. climbing 7 per cent after a US$430 billion selloff.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: Tech megacaps lift stocks after Nvidia’s selloffA rally in the world’s largest technology companies lifted stocks, with traders also wading through economic data and remarks from Federal Reserve speakers for clues on the outlook for rates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: tech hits U.S. stocks as Nvidia extends selloff to 13%Stocks lost traction as an about US$400 billion plunge in Nvidia Corp. raised speculation that the rally in the industry that has powered the bull market was due for a breather.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: Stocks struggle as tech outages hit businessesGlobal equities struggled on Friday as worldwide computer systems outages hit travel, trading and banking services, threatening to exacerbate a pullback in technology stocks.
Source: BNNBloomberg - 🏆 83. / 50 Read more »