Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Dow Jones, Wall Street seen higher on busy day of earnings

Published 2024-04-23, 06:52 a/m
© Reuters.  Dow Jones, Wall Street seen higher on busy day of earnings
DJI
-
GM
-
PM
-
GE
-
V
-
PEP
-
TSLA
-
SPOT
-

Proactive Investors - Futures trading had the markets opening higher on a busy day of earnings on Wall Street.

The Dow Jones was up 62 points at 38,530 in pre-market trading, while the Nasdaq and S&P 500 climbed 47 and 11 points respectively to 17,397 and 5,058.

Spotify was among pre-market movers, up 8.4%, after kicking off a busy day of earnings with a report showing a 20% increase in revenue to €3.6 billion on subscriber growth.

General Motors Co (NYSE:GM) was up by 3.5% in the meantime, after beating first-quarter expectations and raising guidance in an update on Monday evening.

Also climbing on an earnings beat was General Electric Co (NYSE:NYSE:GE), by 5.2%, while PepsiCo (NASDAQ:PEP) Inc (NASDAQ:PEP, ETR:PEP) fell following its report.

Also reporting on Tuesday was Philip Morris International Inc (NYSE:NYSE:PM, ETR:4I1) and Visa Inc (NYSE:NYSE:V, ETR:3V64), with Tesla Inc (NASDAQ:TSLA)’s much-anticipated update expected after the market closes.

“It is safe to say that expectations are now low,” eToro analyst Sam North commented ahead of the results, highlighting repeated price cuts recently to stimulate demand.

“Whilst it’s not quite make-or-break territory for Elon Musk’s company, it does feel like a monumental report.”

Read more on Proactive Investors CA

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.