5 Important Developments Affecting the Markets - Microsoft And Alphabet
5 important developments affecting the markets on Tuesday, October 26; Tesla's (NASDAQ:TSLA) market cap reached $1 trillion after signing a key contract with leasing firm Hertz Global Holdings (OTC:HTZZ). Facebook (NASDAQ:FB) moderated the impact of slowing revenue growth with a large increase in its buyback program. General Electric (NYSE:GE) and UPS take the pre-opening earnings ball as Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL) prepare to report earnings after the close. Janet Yellen and Liu He are struggling to move forward on business matters, and the American Petroleum Institute is revising its forecasts for US crude inventories as prices approach seven-year highs.
3. Stocks Will Rise; Microsoft, Alphabet Earnings Due
US stocks could bounce back as the Facebook buyback and the sharp rise in Tesla on Monday take effect. As of 06:15 ET (10:15 GMT), Dow Jones futures were up 102 points, or 0.3%, while S&P 500 futures were up 0.4% and Nasdaq 100 futures were up 0.6%. After closing, Visa (NYSE:V), Texas Instruments (NASDAQ:TXN), Twitter (NYSE:TWTR), Microsoft and Alphabet top the earnings list. Leading earnings reports include UPS, General Electric, S&P Global (NYSE:SPGI), and defense giants Raytheon (NYSE:RTN) and Lockheed Martin (NYSE:LMT).Source: Investing.comYou may also be interested in:5 Important Developments Affecting the Markets - Facebook