Results for: US Stocks

Asian stock markets predominantly advanced on Tuesday, following a rebound in US equities. Japan’s Nikkei 225 witnessed a modest gain of 0.3%, while the Hang Seng in Hong Kong surged 1.6%. However, the Shanghai Composite index in China slipped 0.8%. US futures contracts exhibited a mixed performance, and oil prices escalated. The S&P 500 index regained more than a quarter of its recent losses on Monday, as technology stocks led the recovery. The Dow Jones Industrial Average and Nasdaq composite also advanced. This week marks a crucial period for earnings reports, with numerous companies in the S&P 500 set to release their financial results. Elevated inflation and concerns about interest rate hikes continue to impact market sentiments.

Strategist Kolanovic anticipates a prolonged downturn for US stocks, citing escalating macroeconomic risks. Despite potential temporary stability driven by earnings reports this week, the correction is expected to continue.

US stocks rebounded strongly on Monday after a recent downturn, buoyed by easing tensions in the Middle East and upcoming tech earnings reports. The Dow Jones Industrial Average surged over 400 points, while the S&P 500 and Nasdaq Composite climbed 1.4% and 1.6% respectively.

Major U.S. stock indexes opened higher on Monday as investors digested earnings reports from Big Tech companies. Tesla (TSLA) and Li Auto (LI) saw their shares decline after announcing price cuts, while Apple (AAPL) remained flat. Verizon (VZ) reported mixed quarterly results, while Salesforce (CRM) abandoned acquisition talks. Other notable moves included a drop in Quanex (NX) after a planned acquisition and a decline in Cardinal Health (CAH) due to the termination of contracts with OptumRx.

After last week’s losses, US stock index futures are rising today, with the S&P 500 futures gaining 0.6% and Nasdaq futures up 0.7%. Tesla shares, however, have fallen 3% in pre-market trading after announcing further price cuts in the US and China. Additionally, UBS has downgraded the stocks of several major tech companies, including Apple, Amazon, Alphabet, Meta, Microsoft, and Nvidia.

US stocks are anticipated to open higher on Monday following a period of steep declines. Easing tensions in the Middle East have alleviated risk aversion, while investors prepare for a busy week filled with key events, including earnings reports from major tech companies and the release of critical inflation data. However, Tesla shares have dropped due to price cuts in key markets.