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CNBC Daily Open: Nasdaq hits high even as poor earnings growth disappoints investors

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Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the rate of profit growth has not met expectations.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscriberegained all its losses for the yearin its recent funding round. The funds would go toward expanding Waymo Driver, its robotaxi service, in current and new locations. With this round, Waymo has raised more than $11 billion in total capital..

Earnings season has been a mixed bag so far. Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the As those companies were mostly from sectors outside tech, their losses dragged down the S&P and the Dow, especially, since a good proportion were constituents of the 30-stock index. In fact, around 90% of Dow members ended the week in the red.surpassed Wall Street's estimates of its earnings and revenue, but its shares still fell.

With five of the Magnificent Seven companies reporting earnings and crucial economic data coming out this week, investors will hope all the numbers line up for a payout – if not of the jackpot magnitude, then at least one that jolts the S&P and Dow back into the green again.This Texas city has the lowest cost of living in the U.S.

 

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