Stock Market Today: S&P 500 in back-to-back gains as tech reigns supreme

Investing.com-- The S&P 500 closed higher Tuesday, notching a second-straight daily gain underpinned by mostly better-than-expected quarterly earnings just ahead of the start of earnings from the Magnificent 7, with Tesla set to report after the close.The EV maker's stock has tumbled in recent weeks amid concerns about an EV recession that sparked a price war across in the industry.

Including Tesla, four of the “Magnificent 7” stocks are set to report earnings this week. Facebook owner Meta Platforms stock rose 4% after the auto giant raised its annual forecast after strong quarterly results, while GE Aerospace jumped more than 8% after the aerospace giant raised its full-year profit forecast.

"From a guidance perspective, GM is continuing to deliver on its initial goals while raising bottom line guidance and providing more color on the year," Wedbush said in a note as it maintained its outperform rating on the stock.) stock rose 2% after the Swiss drugmaker raised its full-year guidance following the release of better-than-expected first-quarter results earlier Tuesday.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: S&P 500 rallies on tech strength ahead of big tech earningsStock Market Today: S&P 500 rallies on tech strength ahead of big tech earnings
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 extends losing streak on Nvidia, Netflix slumpStock Market Today: S&P 500 extends losing streak on Nvidia, Netflix slump
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 in longest losing streak since October as yields jumpStock Market Today: S&P 500 in longest losing streak since October as yields jump
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 closes lower as Nvidia leads tech stumbleStock Market Today: S&P 500 closes lower as Nvidia leads tech stumble
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 closes lower as Powell signals higher for longer ratesStock Market Today: S&P 500 closes lower as Powell signals higher for longer rates
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 closes higher on tech strength; big bank earnings eyedStock Market Today: S&P 500 closes higher on tech strength; big bank earnings eyed
Source: Investingcom - 🏆 450. / 53 Read more »