Stocks continued their gains on Monday ahead of a Federal Reserve meeting and the release of major corporate earnings. Thealso climbed 2.5% on an upgrade from investment firm Bernstein ahead of the tech giant's earnings release Thursday. Traders will closely follow earnings after the bell today fromreported mixed results Tuesday. The company had a slight beat on revenue but earnings per share were just below estimates. McDonald's saw low-income customers in the U.S.
The media giant will be led by CBS President and CEO George Cheeks; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, the head of Paramount Pictures and Nickelodeon. The announcement comes as Paramount is nearing awith Skydance Media. Paramount also reported mixed results for the first quarter Monday that beat on earnings but missed on revenue.
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