Tesla kicked off the earnings cycle for technology heavyweights after markets closed on Tuesday, announcing the launch of new electric vehicle models and quarterly revenue that missed analyst estimates. Its shares jumped 6% in extended hours trading.That will be followed by results from other tech majors, including Microsoft, Alphabet, and Meta Platforms META.O, later this week.Markets were also buoyed by upbeat earnings from companies such as General Motors, which closed up 4.
business activity cooled in April to a four-month low due to weaker demand, while rates of inflation eased slightly even as input prices rose sharply, suggesting possible relief ahead for rising consumer prices.Investors will be eyeing the release of the March Personal Consumption Expenditures index - the Federal Reserve's preferred inflation gauge - which is due on Friday.
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