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Before Monday’s Stock Market Opens, Here Are Five Things to Know

To begin their trading day, investors should be aware of the following key news items:

1. Market Performance: Last week saw significant gains for the S&P 500 and Nasdaq Composite, with increases of 2.7% and 4.2% respectively. The Dow also experienced a more modest uptick of 0.7%.

2. Earnings Reports: The earnings season is in full swing, and the majority of S&P 500-listed companies have exceeded expectations so far. Over 45% of firms have already reported, with approximately four out of five surpassing forecasts, according to FactSet.

3. CEO Change at Paramount Global: Reports suggest that Paramount Global’s board is set to remove CEO Bob Bakish from his position as early as Monday morning. Bakish is expected to be absent from the earnings call scheduled for Monday afternoon.

4. Advertising Trends: Meta, Snap, and Google all announced first-quarter earnings that beat analyst projections, showing improvements in their advertising businesses. This positive development follows a challenging 2022, marked by reduced marketing spending due to inflation, and a cost-cutting 2023.

5. Tesla Expansion in China: Tesla has achieved a significant milestone in its efforts to introduce its fully self-driving package in China. The country has lifted restrictions on Tesla cars, indicating compliance with data security requirements. This move paves the way for the potential launch of Tesla’s Full Self Driving software in the Chinese market.

Source (CNBC)

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