U.S. stocks struggled for direction Tuesday as investors looked ahead to quarterly earnings from big tech. At 13:51 ET (17:51 GMT), the Dow Jones Industrial Average rose 14 points, or 0.04%, while the S&P 500 rose 0.05%, and the NASDAQ Composite climbed 0.1%.
Alphabet, Tesla Set to Kick Off ‘Magnificent 7’ Earnings Alphabet (GOOGL) and Tesla (TSLA) are set to kick off earnings from the ‘Magnificent 7’ cohort of mega-cap tech stocks, including Apple Inc (AAPL), Amazon.com Inc (AMZN), Meta Platforms Inc (META), and Microsoft Corporation (MSFT). Alphabet will shed light on AI benefits and spending, while Tesla’s report will focus on demand and AI-driven promises.
Coke, GE Impress on Earnings Stage; UPS, GM Fall Short Coca-Cola (KO) stock rose 1% after raising its annual sales and profit forecast. GE Aerospace (GE) stock soared 7% due to the strong demand for jet-engine parts. General Motors (GM) fell more than 6% after delaying EV plans. UPS (UPS) slumped over 13% on disappointing Q2 earnings.
Political Uncertainties Persist Investors are also watching the political landscape, with Vice President Kamala Harris likely to become the Democratic presidential nominee after President Biden’s decision not to seek reelection. Recent polls showed that Republican nominee Donald Trump is leading.
Ether ETFs Officially Begin Trading ETH/USD fell over 1% as the first wave of ether-spot ETFs began trading from issuers like Blackrock, Fidelity, and Invesco. This follows the launch of spot Bitcoin ETFs six months ago.
