Investors have another busy week of earnings as the United Auto Workers' strike against Detroit’s Big Three drags on. Also, commodity prices remain in focus as the war between Israel and Hamas continues. Oil touched the $90 per barrel level on Friday. ISRAEL EVACUATES CITY NEAR LEBANON AS HEZBOLLAH INCREASES ACTIVITY AMID ISRAEL-HAMAS WAR Meanwhile, stocks tumbled Friday, leaving all three major U.S. benchmarks lower for the week.
Also on Tuesday, Big-Tech earnings will get underway with Microsoft and Alphabet reporting after the bell. Shares of the software giant and Google parent company, are up year-to-date, skyrocketing around 37% and 55%, respectively. UNITED AUTO WORKERS STRIKE: COST TO US ECONOMY NEARS $8 BILLION Coca-Cola and Visa will report before the bell. Meta shares on year-long rise Meta will spearhead the day’s earnings after the bell.
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