All three major indexes moved higher today
The Dow and Nasdaq both added triple digits today, the former notching its fourth consecutive session in the black, while the S&P 500 moved higher as well. Investors focused on a flood of corporate earnings, and are now eyeing Tesla (TSLA), which will report after the close today. Meanwhile, U.S. Treasury yields are pulling back after upbeat manufacturing data.
Continue reading for more on today's market, including:
- Microsoft stock found support after 'Magnificent Seven' slide.
- Why this bank stock could keep outperforming.
- Plus, RBLX upgraded; PEP brushes off earnings beat; and WBD hovering near recent lows.
5 Things to Know Today
- Google (GOOGL) fired at least 20 more of its workers after they protested its billion-dollar "Project Nimbus" contract with Israel, bringing the total to over 50 people. (MarketWatch)
- Senate advanced the bill that would provide aid to U.S. allies, as well as potentially ban TikTok. (Bloomberg)
- Analyst: Roblox has significant monetization opportunities.
- International markets make up for PepsiCo's U.S. slowdown.
- Warner Bros stock hit with a downgrade.
Gold Falls Once Again
As investors eye potential outcomes for whether or not supply and demand will be met out of the Middle East, June-dated West Texas Intermediate (WTI) crude added $1.46, or nearly 1.8%, to settle at $83.36 a barrel.
Gold prices dropped for the second day. June-dated gold futures fell $4.30, or 0.2%, to settle at $2,342.10 an ounce.