What are the top highlights in the market this morning?

What are the top highlights in the market this morning?

As investors await quarterly earnings reports from megacap tech companies, futures on the Dow Jones Industrial Average dipped 70 points. The S&P 500 futures fell 0.1%, while Nasdaq 100 futures were muted. 

Tesla reported earnings that topped expectations, earning more than $1 billion in net income in a quarter. Shares increased more than 2% during the premarket. 

Today, investors will hear from the likes of JetBlue, UPS, General Electric, and Starbucks. After the bell, big tech names like Alphabet, Microsoft, and Apple will share their latest economic data. 

“It appears that we’re going to get really solid earnings from these companies and that should give a little bit of a boost to the market. Some of these names have already run so much this year that perhaps we don’t get a large bounce,” one strategist said. “Apple may be your best opportunity to see some movement because they’ve been in more of a consolidation phase over the last few months.” 

Investors are also waiting for news from the Federal Reserve regarding updated monetary policy. 

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Author: Fredrick Frost

Fedrick Frost is the Editor-in-Chief of Morning Bullets. He mainly writes about Politics, The Economy and breaking news. With over 35 years in jounralism he has been influential in helping the morning bullets newsletter readers be informed every morning.