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

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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.

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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.

 

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