US open: Stocks higher as traders look ahead to tech earnings

22nd Apr 2024 14:32

(Sharecast News) - Wall Street stocks were in the green early on Monday as market participants looked ahead to key earnings from a number of major tech firms.

As of 1515 BST, the Dow Jones Industrial Average was up 0.31% at 38,102.65, while the S&P 500 advanced 0.57% to 4,995.66 and the Nasdaq Composite came out the gate 0.80% firmer at 15,403.93.

The Dow opened 116.25 points higher on Monday, extending gains recorded in the previous session.

Tech earnings will be the flavour of the week this time around, with electric vehicle manufacturer Tesla, Facebook parent company Meta Platforms, software giant Microsoft, iPhone maker Apple, chipmaker Intel, and Google owner Alphabet all slated to report in the week ahead.

On the macro front, the Chicago Federal Reserve's national activity index rose to 0.15 in March, up from an upwardly revised reading of 0.09 for February and beating expectations for a 0.09% reading for the highest reading since November 2023.

Later in the week, GDP numbers will be out on Thursday, while the Commerce Department will publish its March personal consumption expenditure price index numbers, the Federal Reserve's preferred inflation gauge, on Friday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Salesforce.Com Inc. (CRM) $275.76 1.99%

Intel Corp. (INTC) $34.54 0.99%

Amgen Inc. (AMGN) $271.14 0.82%

McDonald's Corp. (MCD) $273.78 0.66%

JP Morgan Chase & Co. (JPM) $186.98 0.63%

Goldman Sachs Group Inc. (GS) $405.93 0.48%

Merck & Co. Inc. (MRK) $126.33 0.44%

Microsoft Corp. (MSFT) $400.69 0.39%

Apple Inc. (AAPL) $165.59 0.36%

Caterpillar Inc. (CAT) $355.60 0.27%

Dow Jones - Fallers

Verizon Communications Inc. (VZ) $39.80 -1.70%

Unitedhealth Group Inc. (UNH) $494.95 -1.23%

Walgreens Boots Alliance, Inc. (WBA) $18.03 -1.12%

American Express Co. (AXP) $228.90 -0.93%

Walmart Inc. (WMT) $59.17 -0.61%

Coca-Cola Co. (KO) $59.84 -0.55%

Travelers Company Inc. (TRV) $213.22 -0.40%

Nike Inc. (NKE) $94.15 -0.40%

Cisco Systems Inc. (CSCO) $48.19 -0.28%

Walt Disney Co. (DIS) $112.31 -0.27%

S&P 500 - Risers

Nektar Therapeutics (NKTR) $1.31 5.48%

Nvidia Corp. (NVDA) $792.25 3.97%

Globe Life Inc. (GL) $68.94 3.30%

Zions Bancorporation (ZION) $41.08 2.91%

Ford Motor Co. (F) $12.49 2.88%

Micron Technology Inc. (MU) $109.27 2.34%

DaVita Inc (DVA) $130.58 2.16%

Universal Health Services Inc. (UHS) $160.84 2.14%

Kohls Corp. (KSS) $23.68 2.11%

American Airlines Group (AAL) $14.40 2.06%

S&P 500 - Fallers

Cardinal Health Inc. (CAH) $102.96 -4.83%

Newmont Corporation (NEM) $37.72 -3.34%

National Oilwell Varco Inc. (NOV) $18.36 -2.05%

International Paper Co. (IP) $34.72 -1.84%

Schlumberger Ltd. (SLB) $48.94 -1.83%

Netflix Inc. (NFLX) $545.40 -1.74%

Verizon Communications Inc. (VZ) $39.80 -1.70%

Charter Communications Inc. (CHTR) $260.92 -1.62%

Albemarle Corp. (ALB) $110.36 -1.60%

Advance Auto Parts (AAP) $77.54 -1.46%

Nasdaq 100 - Risers

Nvidia Corp. (NVDA) $792.25 3.97%

JD.com, Inc. (JD) $26.35 3.29%

Vodafone Group Plc ADS (VOD) $8.56 2.58%

Micron Technology Inc. (MU) $109.27 2.34%

American Airlines Group (AAL) $14.40 2.06%

Wynn Resorts Ltd. (WYNN) $96.80 1.91%

Cadence Design Systems Inc. (CDNS) $285.26 1.79%

Seagate Technology Plc (STX) $83.84 1.67%

Texas Instruments Inc (TXN) $162.31 1.65%

Amazon.Com Inc. (AMZN) $177.40 1.59%

Nasdaq 100 - Fallers

Liberty Global plc Series C (LBTYK) $16.97 -2.42%

Liberty Global plc Series A (LBTYA) $16.41 -2.09%

Tesla Inc (TSLA) $144.01 -2.07%

Qurate Retail Inc. (QRTEA) $0.98 -1.86%

Netflix Inc. (NFLX) $545.40 -1.74%

Charter Communications Inc. (CHTR) $260.92 -1.62%

Walgreens Boots Alliance, Inc. (WBA) $18.03 -1.12%

J.B. Hunt Transport Services Inc. (JBHT) $166.67 -0.38%

DENTSPLY Sirona Inc. (XRAY) $30.41 -0.30%

Cisco Systems Inc. (CSCO) $48.19 -0.28%