US stock indices gain ground as markets focus on earnings

Economies.com
2024-04-23 17:22PM UTC

US stock indices gained ground on Tuesday as markets focus on earnings results, especially for tech companies.

 

Tesla will announce results after the close today, with Meta scheduled for tomorrow, followed by Alphabet and Microsoft on Thursday. 

 

As for data, analysts expect the US GDP to grow at a 2.3% pace in the first quarter, with results coming out tomorrow. 

 

US personal spending data are expected to have climbed 0.3% in Marc, with results due on Friday.

 

On trading, Dow Jones rose 0.6%, or 247 points as of 17:11 GMT to 38,486, while S&P 500 rose 1.1%, or 56 points to 5,066, as NASDAQ rallied 1.5%, or 228 points to 15,679. 

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