US open: Dow builds on Friday's gains

29th Apr 2024 14:52

(Sharecast News) - Wall Street stocks were in the green early on Monday as investors braced for more corporate earnings, some key labour market data and the outcome of the Federal Reserve's two-day policy meeting.

As of 1540 BST, the Dow Jones Industrial Average was up 0.23% at 38,327.50, while the S&P 500 advanced 0.27% to 5,113.79 and the Nasdaq Composite came out the gate 0.28% firmer at 15,973.02.

The Dow opened 87.84 points higher on Monday, extending gains recorded in the previous session.

Tesla shares were higher in early trade after the electric vehicle manufacturer struck a deal with China's Baidu to help it roll out its self-driving technology across the nation, while Domino's Pizza shares headed north after reporting better-than-expected quarterly earnings.

Apple, McDonald's, Coca-Cola and Amazon will all deliver earnings before the week is out.

On the macro front, the Dallas Federal Reserve's manufacturing business index was broadly flat in April, coming in at -14.5, up from last month's -14.4 reading. The company outlook index moved up 10 points to -6.3, while the outlook uncertainty index retreated six points to 17.3.

Later in the week, the Federal Reserve will make its latest interest rate decision on Wednesday, while April's nonfarm payrolls report will be out on Friday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Apple Inc. (AAPL) $174.79 3.24%

Verizon Communications Inc. (VZ) $40.60 2.31%

Boeing Co. (BA) $170.13 1.74%

Amgen Inc. (AMGN) $274.27 1.59%

Caterpillar Inc. (CAT) $348.08 1.37%

Goldman Sachs Group Inc. (GS) $431.72 0.97%

Walgreens Boots Alliance, Inc. (WBA) $17.78 0.48%

Johnson & Johnson (JNJ) $146.79 0.45%

Cisco Systems Inc. (CSCO) $48.07 0.44%

3M Co. (MMM) $92.18 0.38%

Dow Jones - Fallers

Intel Corp. (INTC) $31.24 -2.02%

Microsoft Corp. (MSFT) $401.19 -1.26%

Visa Inc. (V) $273.35 -0.43%

Unitedhealth Group Inc. (UNH) $493.31 -0.41%

Travelers Company Inc. (TRV) $212.86 -0.28%

Walmart Inc. (WMT) $60.08 -0.14%

Procter & Gamble Co. (PG) $161.08 -0.13%

Dow Chemical Co. (DOW) $57.23 -0.10%

Coca-Cola Co. (KO) $61.69 -0.07%

Walt Disney Co. (DIS) $112.71 -0.02%

S&P 500 - Risers

Nektar Therapeutics (NKTR) $1.46 10.61%

Albemarle Corp. (ALB) $123.72 5.85%

CenturyLink Inc. (LUMN) $1.27 4.95%

Laboratory Corporation of America Holdings (LH) $207.17 4.42%

Zoetis Inc (ZTS) $164.76 4.00%

Quest Diagnostics (DGX) $139.60 3.98%

Biogen Inc (BIIB) $217.07 3.91%

DaVita Inc (DVA) $138.29 3.58%

Globe Life Inc. (GL) $78.45 3.56%

Vornado Realty Trust (VNO) $27.18 3.50%

S&P 500 - Fallers

Franklin Resources Inc. (BEN) $23.94 -4.18%

Dollar Tree Inc (DLTR) $117.95 -3.11%

Resmed Inc. (RMD) $213.07 -2.29%

Intel Corp. (INTC) $31.24 -2.02%

Southwest Airlines Co. (LUV) $26.49 -2.02%

Alphabet Inc. Class A (GOOGL) $168.51 -2.00%

Alphabet Inc. Class C (GOOG) $170.24 -1.99%

Meta Platforms Inc. (META) $435.08 -1.85%

Western Digital Corp. (WDC) $70.17 -1.67%

Newmont Corporation (NEM) $42.06 -1.57%

Nasdaq 100 - Risers

Tesla Inc (TSLA) $186.35 10.73%

Baidu Inc. (BIDU) $104.59 4.05%

Biogen Inc (BIIB) $217.07 3.91%

Sirius XM Holdings Inc (SIRI) $3.13 3.81%

Qurate Retail Inc. (QRTEA) $0.93 3.61%

Apple Inc. (AAPL) $174.79 3.24%

Mercadolibre Inc. (MELI) $1,441.19 2.50%

Skyworks Solutions Inc. (SWKS) $106.57 2.18%

Gilead Sciences Inc. (GILD) $66.82 2.14%

Illumina Inc. (ILMN) $124.80 2.06%

Nasdaq 100 - Fallers

Dollar Tree Inc (DLTR) $117.95 -3.11%

Trip.com Group Limited (TCOM) $49.14 -2.89%

Intel Corp. (INTC) $31.24 -2.02%

Alphabet Inc. Class A (GOOGL) $168.51 -2.00%

Alphabet Inc. Class C (GOOG) $170.24 -1.99%

Meta Platforms Inc. (META) $435.08 -1.85%

Western Digital Corp. (WDC) $70.17 -1.67%

JD.com, Inc. (JD) $29.91 -1.41%

Microsoft Corp. (MSFT) $401.19 -1.26%

Micron Technology Inc. (MU) $113.52 -1.15%