Investors should be aware of the following five essential points before beginning the trading day:
1. A new tendency As tech equities recovered on Monday, the S&P 500 enjoyed its strongest day since early June, rising 1.08%. Concurrently, the Nasdaq Composite increased by 1.58%, and the Dow Jones Industrial Average gained 127.91 points, or 0.32%.
2. Warm and ready to go Wall Street’s expectations for General Motors’ second-quarter earnings were substantially exceeded on Monday. Additionally, the carmaker increased a number of significant financial goals for the year: After previously guiding for full-year adjusted earnings before interest and taxes of between $12.5 billion and $14.5 billion, or between $9 and $10 a share, the business now forecasts between $13 billion and $15 billion, or $9.50 and $10.50 a share.
3. Everyone is staring at her. Just one day after President Joe Biden withdrew from the 2024 presidential contest and gave his endorsement to Vice President Kamala Harris, she raised unprecedented amounts of money for her candidacy.
4. Taking the independent route No agreement. Wiz, a cybersecurity company, has decided against going after Google in a $23 billion acquisition in favour of an initial public offering (IPO). With that acquisition, Google would have made its biggest ever.
5. Contradictory feelings Comcast faced difficult year-over-year comparisons for its theme parks and film studio, so the business delivered mixed earnings results on Tuesday, topping revenue projections but missing on the top line.
Source (CNBC)
