S&P 500, Nasdaq close at record highs ahead of tech earnings wave
By Shivani Kumaresan and Noel Randewich
Reuters
(Reuters) - The S&P 500 and Nasdaq closed at record highs on Monday, fueled by Tesla Inc ahead of the electric car maker s quarterly report, the first of several this week from heavyweight growth companies.
The Nasdaq s record high close confirmed the end of an 11% correction in the index that began after its previous record high close on Feb. 12.
Tesla advanced ahead of its report due after the bell, with analysts expecting the company to show a rise in first-quarter revenue following record deliveries.
Financials lead gains among S&P 500 sectors Indexes up: Dow 0.18%, S&P 0.18%, Nasdaq 0.17% (Updates to open)
April 26 (Reuters) - Wall Street’s main indexes rose on Monday as Tesla shares gained ahead of the electric-car maker’s earnings report, which would kick off this week’s results from heavyweight technology companies.
Tesla Inc rose 1.1% as analysts expect the company to report a rise in first-quarter revenue when it reports after markets close following record deliveries during the period.
About 40% of the S&P 500’s market cap report from Tuesday through Thursday, including tech and related heavyweights Microsoft Corp, Google parent Alphabet Inc, Apple Inc and Facebook Inc. Shares of the companies were mixed in early trading.
Global markets make gains as economies begin Covid recovery Airlines help Euronext Dublin outperform its European peers, ending the day up 1%
about 4 hours ago
Global stock markets made moderate gains on Monday as increasing confidence about the rapid recovery of economies from the Covid-19 pandemic offset concerns about the speed of the market’s rally.
Dublin
Euronext Dublin outperformed its European peers on Monday, ending the day up 1 per cent led mainly by the airline sector.
Ryanair was up nearly 3 per cent, while
Easyjet was up 4 per cent. “There was an announcement by the European Commission that they will be allowing US vaccinated travellers into the bloc in the summer, so that boosted airlines,” noted a trader.
Tesla lifts Wall Street as big tech earnings set to roll in - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
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(Reuters) - The S&P 500 and Nasdaq climbed on Monday, fueled by Tesla ahead of the electric car maker’s quarterly report, which kicks off this week’s results from several heavyweight growth companies.
FILE PHOTO: The New York Stock Exchange is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri
Tesla Inc advanced 1.3%, with analysts expecting the company to report a rise in first-quarter revenue following record deliveries. Its results are due after markets close.
Companies that constitute about 40% of the S&P 500’s market cap report from Tuesday through Thursday, including Microsoft Corp, Google parent Alphabet Inc, Apple Inc and Facebook Inc. Shares of the companies also rose.