Stocks were mixed early Tuesday as investors eagerly awaited earnings reports from big companies, including Tesla and Alphabet, after the closing bell. The market is gearing up to analyze the results and make decisions based on the performance of these key players.
Investors are particularly interested in Tesla’s results, as the electric vehicle maker has faced challenges earlier in the year. Many are hopeful for a positive turnaround and are looking for updates on the company’s innovative technologies.
Meanwhile, the stock market saw gains on Monday, with the Nasdaq 100 and S&P 500 both rising over 1%. The Russell 2000 also continued its upward trend, gaining 1.7%.
Later in the week, investors will be focusing on second-quarter GDP data, which is expected to show a 1.5% annualized growth rate. Additionally, the personal consumption expenditures index will provide insight into inflation trends.
Commodities, bonds, and cryptocurrencies also saw movement, with West Texas Intermediate crude oil and Brent crude both declining, while gold and the 10-year Treasury yield saw slight increases. Bitcoin experienced a 1.8% drop in value.
Overall, the market is poised for a week of important data releases and earnings reports that will shape investor sentiment and market direction.
