Wall Street closes higher as investors digest earnings, megacap outlook

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.

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 (April 23, 2024): Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG — Asian benchmarks extended gains Tuesday after U.S. stocks clawed back a chunk of their losses from last week, which was the worst for the S&P 500 in more than a year, while the yen weakened further to fresh 34-year lows. U.S.
Source: BusinessMirror - 🏆 19. / 59 Read more »