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Meanwhile, Nasdaq futures rose 0.6% and S&P 500 futures ticked up 0.2%. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla's stock rallied before the opening bell on Wednesday as investors reacted to the electric car maker's first-quarter earnings report. The gains came after Tesla's earnings of $0.45 per share for the three months ending March 31 missed analysts' expectations. AdvertisementMeanwhile, US stocks looked set to start the day in the green, with S&P 500 futures up 0.2% and Nasdaq 100 futures climbing 0.6%.
Persons: Tesla, , Sophie Lund, Yates, Hargreaves Lansdown's, Tesla's, It's Organizations: Nasdaq, Service, Dow Jones Industrial
Tesla is set to kick off Big Tech earnings season after the closing bell. AdvertisementUS stocks looked set to open higher at the opening bell on Tuesday, as traders waited for Tesla to kick off a make-or-break Magnificent Seven earnings season. Analysts are expecting Tesla to post earnings of $0.44 per share for the three months ending March 31, according to data from Refinitiv. "Big tech kicks off with Tesla results this evening," Sophie Lund-Yates, Hargreaves Lansdown's lead equity analyst, said. General Motors, Spotify, and Visa are among the other companies set to report earnings on Tuesday.
Persons: Tesla, , Sophie Lund, Yates, Hargreaves Lansdown's Organizations: Big Tech, Elon Musk's, Service, Nasdaq, Dow Jones Industrial, Motors, Spotify, Visa Locations: Elon
Strong sales numbers for Amazon's cloud division also helped push the stock higher. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementAmazon's market cap looked set to surge Friday after the online retail giant's third-quarter earnings beat Wall Street's expectations. If those gains hold up until the closing bell, Amazon's value will swell by about $60 billion to $1.3 trillion, per Insider's calculations. "Thin margins in Amazon's retail business makes cloud so much more important than it does for the other tech companies, whose broader business models are a lot less capital intensive."
Persons: , Wall, Hargreaves, Sophie Lund, Yates Organizations: Service, Amazon, LSEG, AWS, Microsoft
Shop and factory prices both fell in China last month, according to data released Wednesday. That means the country is suffering deflation for the first time in over two years. It's the latest in a long list of concerns for Beijing as China's post-COVID rebound fizzles out. That's another economic worry for Beijing, which is also contending with faltering growth, skyrocketing youth unemployment, and massive amounts of debt. The data released Wednesday is likely to lead to more calls for fiscal stimulus, according to analysts.
Persons: Hargreaves, Steve Clayton, Jim Reid Organizations: Service, Privacy, China, National Bureau of Statistics, CPI, PPI, Deutsche Bank Locations: China, Beijing, Wall, Silicon
First Citizens Bank agreed to buy most of Silicon Valley Bank on Sunday. The Raleigh, NC-based bank has taken over 17 branches of SVB, $119 billion of its deposits and $72 billion worth of loans. Here's everything you need to know about the latest twist in the US's regional banking turmoil. First Citizens Bank has agreed to buy SVB, according to a statement released on Sunday by the Federal Deposit Insurance Corporation. It'll also receive benefits tied to First Citizens' share price, which it estimated could be worth around $500 million.
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