© Reuters.
Investing.com — US stocks flat. Before the earnings report arrives this week.
By 9:53 AM ET (13:53 GMT), it was up 18 points or less, 0.1% while it was up 0.1% and NASDAQ Composite was up 0.3%.
This week will feature a number of earnings reports from large companies including Goldman Sachs (NYSE:), Tesla, Inc. (NASDAQ:) and Netflix (NASDAQ:). already including (NYSE:)
The stock market rallied on good news about inflation.
Of the 30 S&P 500 companies reported so far, about 80% have exceeded expectations, according to Refinitiv data.
Stocks rose last week after the report, and a quicker-than-expected June cooling led to hopes that ecl-168 may reach the end of a rate hike sooner. than expected
Other data this week includes and lots of housing market data, including
Court’s decision against Microsoft could lead to more M&A
The big banks have reported so far more revenue from higher interest rates and said the economy is still recovering. A judge’s ruling last week greenlit Microsoft (NASDAQ:) to buy Activision Blizzard (NASDAQ:) is fueling hopes that more deals will follow. That could be good news for banks like Goldman, whose revenue depends on their merger and capital markets advisory activities.
Activision Blizzard shares rose 2.9% after Microsoft agreed to keep its Call of Duty game on the Sony PlayStation once the transaction was completed.
Tesla launches Cybertruck
Tesla shares rose 2.7% after the electric car maker unveiled its Cybertruck, four years after it first unveiled its prototype.
BridgeBio Pharma, Inc. (NASDAQ:) shares soared 61% after it said its experimental heart drug significantly reduced hospitalizations.
Oil fell, down 0.8%, to $74.66 a barrel. Crude oil prices dropped 0.9% to $79.12 a barrel, down 0.6% to $1,952 an ounce.
2023-07-17 16:41:23
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