The following are the key news items that investors should be aware of before beginning their trading day:
1. Market Update: The Dow Jones Industrial Average has been on a winning streak, reaching its longest stretch of gains for the year. Despite a decline in tech stocks like Uber and Shopify following their earnings reports, the Dow rose by 0.44%, or 172.13 points, in the previous trading session.
2. Streaming Services Bundle: Disney and Warner Bros. Discovery have announced plans to offer a bundle of their streaming services, including Disney+, Hulu, and Max. This bundle will provide options for both ad-supported and commercial-free viewing, resembling the traditional cable TV package.
3. Google’s Earnings Report: Following a strong earnings report last month, Google’s parent company Alphabet experienced a significant rally in its shares, leading to a market cap exceeding $2 trillion.
4. Marketing Strategies: Dine Brands, the owner of popular restaurant chains Applebee’s and IHOP, aims to attract low-income customers away from fast-food chains by introducing enticing promotions and deals.
5. Neuralink’s Challenge: Elon Musk’s innovative startup, Neuralink, encountered an issue as part of its brain implant technology malfunctioned in a human patient following its first-time implementation.
Source (CNBC)
