S&P 500 rises as investors eye big tech earnings
Investing.com -- The S&P 500 rose Tuesday as investors digested a wave of quarterly corporate earnings, with Microsoft and Google set to kick off earnings for big tech.
Technology stocks added to gains from a day earlier as investors looked ahead to quarterly results from Microsoft and Google due after the market closes.), the focus will likely be on the growth of its cloud segment Azure at a time when the proliferation of artificial intelligence is expected to ease the drag from still-modest enterprise spending.
“We expect Microsoft to continue to communicate optimizations are ongoing and new workloads remain modest as IT budgets stay tight, resulting in prudence around core Azure growth for F2Q24,” RBC said in a Tuesday note. Google, meanwhile, is “well positioned” heading into earnings, Wedbush says, supported by ongoing digital advertising growth in 3Q and 4Q.Treasury yields steadied after a selloff a day earlier, but the move lower doesn’t appear to be a “fundamental shift in investors’ sentiment of policy or the underlying economy, but rather a number of larger players shifting positions,” Stifel said in a note.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500: Bears Should Expect a Near-Term BounceStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Read more »
S&P 500: Is a Year-End Rally on the Horizon Against All Odds?Stocks Analysis by Lance Roberts covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Lance Roberts's latest article on Investing.com
Read more »
S&P 500: I Am Still Bullish, Unless...Stocks Analysis by Avi Gilburt covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Avi Gilburt's latest article on Investing.com
Read more »
Nissan Frontier to tackle 500 miles of off-road racing in mostly stock formGet in-depth info on the 2024 Nissan Frontier including prices, specs, reviews, options, safety and reliability ratings.
Read more »
These new smart glasses put a 500-nit, 330-inch screen on your eyesXreal is back with its second-generation smart glasses, the Air 2 and Air 2 Pro, which are even lighter with higher-quality displays.
Read more »
Nasdaq 100 & S&P 500 Hold Support, while Nikkei 225 Remains Above the 200-day Moving AverageThe selling has paused in indices for now, with the Nasdaq 100 and S&P 500 holding their September lows and the Nikkei 225 avoiding a close below the 200-day moving average.
Read more »