Stock Futures Fall Ahead of Big Tech Earnings: Today’s Stock Market News


US stock futures fell on Tuesday as the tech conglomerate was set to highlight a busy earnings week.

Futures on the S&P 500 (^GSPC) were down 0.44% and the Dow Jones Industrial Average (^DJI) was down 0.27%. Futures on the tech-focused Nasdaq Composite Index (^IXIC) fell 0.38%.

Bond yields fell. Yields on his 10-year note fell to his 3.44%, and his rate-sensitive 2-year yield also fell to his 4.05% on Tuesday morning.

Wall Street has been eyeing big tech results, especially given the sector’s significant influence on broader market interests so far this year. Alphabet (GOOGL) and Microsoft (MSFT) will report after the bell. Alphabet’s stock is up 20.1% this year, and Microsoft is up 17.5% more than his.

Amazon (AMZN) and Meta (META) earnings are gearing up for later this week.

According to UBS, the unexpected earnings are broadly in line with Wall Street expectations, with about 60% of companies exceeding sales and 70% of companies exceeding earnings expectations, just slightly below the long-term average. is below

Energy markets are another focus of Wall Street as some of the biggest players report earnings over the weekend, including Exxon (XOM), Chevron (CVX), Valero (VLO) and Total Energies SE (TTE). is.

In single-stock action, PepsiCo’s (PEP) stock rose after raising its full-year earnings outlook following strong performance in the first three months of the year.

General Electric Company (GE) stock rose Tuesday morning after the company reported a 25% jump in first-quarter earnings at its aerospace business.

Shares of General Motors Company (GM) soared after the automaker reported a positive outlook that suggested the industry’s pricing power was losing momentum.

Shares of 3M Company (MMM) rose after the company announced restructuring plans affecting 6,000 positions worldwide.

After the sector’s tumultuous first quarter, shares ended mixedly on Monday as final bank earnings crept in. The regional lender reports his $72 billion net loss in deposits in his first three months of the year after First Republic Bank (FRC) took center stage and rose more than 12% on Monday. Did. The company’s shares fell more than 20% in Tuesday’s premarket trading.

Dani Romero is a reporter at Yahoo Finance. follow her on her twitter @daniromerotv

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