Tuesday, 20 Apr 2021 07:20 AM MYT
Tesla Inc slid 3.4 per cent after a Tesla vehicle believed to be operating without anyone in the driver s seat crashed into a tree on Saturday north of Houston, killing two occupants. Reuters pic
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NEW YORK, April 20 ― US stocks closed lower yesterday, slipping from last week s record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc shares fell after a fatal car crash.
The electric-car maker slid 3.4 per cent after a Tesla vehicle believed to be operating without anyone in the driver s seat crashed into a tree on Saturday north of Houston, killing two occupants.
IBM Stock Up 3% in Pre-market, Company Reports Better than Expected Q1 Earnings Results
2 hours ago by Steve Muchoki · 3 min read
Photo: Shutterstock
IBM stock added approximately 10% in the past year and has jumped over 5% year-to-date.
International Business Machines Corp (NYSE: IBM) stock jumped more than 3% today in the pre-market trading session to trade around $137.20. IBM just reported its Q1 earnings results that beat analysts’ expectations, thus provoking the spike in stock volatility.
Notably, the company reported adjusted earnings per share of $1.77 versus $1.63 per share as expected by analysts according to Refinitiv. During the first three months of the year, IBM recorded a revenue of $17.73 billion versus $17.35 billion expected by analysts according to Refinitiv.
US STOCKS-S&P 500, Dow slip as focus turns to tech earnings Reuters 4 hrs ago By Shivani Kumaresan and Medha Singh
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)
Popular Searches Nike falls as Citi moves to sidelines Tobacco cos fall on report over U.S. plan to limit nicotine Indexes: Dow down 0.33%, S&P falls 0.15%, Nasdaq up 0.02% (Updates to market open)
By Shivani Kumaresan and Medha Singh
April 20 (Reuters) - The S&P 500 and the Dow slipped for a second straight day on Tuesday, with investors pinning their hopes on results from Netflix and other major tech-related companies this week to help sustain an upbeat start to the earnings season.
Futures slip as focus shifts to earnings from tech-related firms
By Shivani Kumaresan
Reuters
(Reuters) - U.S. stock index futures dipped on Tuesday as investors turned to results from Netflix and other major technology-related companies this week to sustain the positive start to the earnings season.
Streaming service provider Netflix that thrived during last year s lockdowns will be the first among the FAANG group to report quarterly numbers. Its shares slipped about 0.5% in pre-market trading, ahead of its results after markets close.
International Business Machines Corp rose 2.6% as it recorded highest quarterly sales growth in more than two years, boosted by its bets on the high-margin cloud computing business.
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Equities
Wall Street futures fell early Tuesday with big-name U.S. companies set to report results. Major European markets were modestly lower in morning trading alongside tepid global stocks. TSX futures were also marginally weaker even as crude prices advanced.