Wall Street edges higher on Tesla boost ahead of big tech earnings | Malay Mail

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NEW YORK, April 26 — Wall Street’s main indexes rose today as Tesla shares gained ahead of the electric-car maker’s earnings report, which would kick off this week’s results from heavyweight technology companies. Tesla Inc rose 1.1 per cent as analysts expect the company to report a rise in...

In this file photo the fearless girl statue and the New York Stock Exchange are pictured on April 20, 2020 at Wall Street in New York. — AFP picNEW YORK, April 26 — Wall Street’s main indexes rose today as Tesla shares gained ahead of the electric-car maker’s earnings report, which would kick off this week’s results from heavyweight technology companies.

“The market is in a holding pattern waiting for big-tech earnings. We could see a bifurcated result in tech earnings with ad providers like Facebook and Google doing very well, while Apple coming up against very tough comparison year-on-year,” said Thomas Hayes, chairman at Great Hill Capital LLC, New York.

Investors are also looking forward to the two-day Federal Reserve meeting beginning on Tuesday and the first-quarter gross domestic product numbers later this week to gauge the pace of the economic recovery. Meanwhile, analysts at Goldman Sachs, Morgan Stanley, Deutsche Bank have warned of some turbulence ahead, after a rally that has taken the S&P 500 and Dow to fresh records this year.

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Wall Street ends mostly flat ahead of earnings wave | Malay MailNEW YORK, April 28 ― Tepid results from Tesla and 3M weighed on Wall Street yesterday, with the S&P 500 and Dow ending near flat as investors focused on wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights. Electric-car maker Tesla Inc dropped 4.5 per cent after...
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