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Tech Stocks Rally As Investors Await Magnificent 7 Earnings; Dollar Eyes Fourth Straight Positive Week: What's Driving Markets Friday?

Benzinga LogoBenzinga2d ago

Tech Stocks Rally As Investors Await Magnificent 7 Earnings; Dollar Eyes Fourth Straight Positive Week: What's Driving Markets Friday? - Benzinga

Quick Summary:

Stocks are ending the week on a high note, with tech leading the charge as investors position ahead of next week’s pivotal earnings releases from five of the “Magnificent Seven” stocks.Microsoft Corp.(NYSE:MSFT), Apple Inc.(NASDAQ:AAPL), Meta Platforms Inc.(NASDAQ:META), Amazon.com Inc.(NASDAQ:AMZN), and Alphabet Inc.(NASDAQ:GOOGL)(NASDAQ:GOOG) will all report quarterly earnings between Oct.29 and Oct.31.

Combined, nearly 45% of the S&P 500 by market cap is set to report results next week, with other heavyweights including McDonald’s Corp.(NYSE:MCD), Visa Inc.(NYSE:V), Eli Lilly and Co.(NYSE:LLY), Mastercard Inc.(NYSE:MA), Chevron Corp.(NYSE:CVX) and Exxon Mobil Corp.(NYSE:XOM).Tesla Inc.(NASDAQ:TSLA) continued its upward trajectory on Friday, rising 2.7% following a massive 21% jump on Thursday — its biggest ...

GOOGLGOOG will all report quarterly earnings between Oct.29 and Oct.31.


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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 17:19:53 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 365 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23242903

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About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 4 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

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