Stock Market Movers

Stock futures traded with modest gains Monday as Wall Street comes off its best week of the year, with the S&P 500 rising 5.9% on the increasing belief that the Federal Reserve is finished with hiking interest rates.Berkshire Hathaway ‘s third-quarter operating earnings surged 40% to a record $10.8 billion after taxes. The conglomerate headed by Warren Buffett saw sharply higher insurance underwriting profits and increased investment income on its huge cash holdings.

Tesla was rising 2.7% in premarket trading. The electric-vehicle maker is raising pay for factory workers at Tesla’s Gigafactory on the outskirts of Berlin. Tesla has been under pressure from Germany’s IG Metall union, which is trying to organize the plant and get Tesla to agree to a union contract, The Wall Street Journal reported.

The highlight of corporate earnings this week will be the fiscal fourth-quarter report from Walt Disney on Wednesday. Last week, Nelson Peltz’s investment firm Trian Fund Management relaunched its campaign against the entertainment and media conglomerate, this time with backing from former Marvel Chairman Isaac Perlmutter.

Earnings reports are expected Monday from BioNTech , Dish Network , Vertex Pharmaceuticals , NXP Semiconductors , Diamondback Energy , International Flavors & Fragrances , and Goodyear Tire & Rubber . In addition to Disney, reports are expected later in the week from Uber Technologies , Occidental Petroleum , Gilead Sciences , D.R. Horton , eBay , Emerson Electric , Datadog , Biogen , Warner Bros. Discovery , Take-Two Interactive Software , MGM Resorts , Roblox , Sony , Li Auto , Trade Desk , and Kellanova .

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Here's how the stock market can build on its best week of the yearWe have not been in a halcyon moment in ages. And, no one ever wants to call anything halcyon.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Stock market today: Wall Street closes its best week of the year with even more gainsAsian shares have advanced following Wall Street gains last week that were buoyed by hopes for early interest rate cuts. South Korea's Kospi jumped more than 4% after the government restored a ban on short-selling that had been lifted since May 2021. Japan's benchmark was up 2.4%.
Sumber: AP - 🏆 728. / 51 Baca lebih lajut »