"Live Updates Markets are still exploding higher on earnings. Dow futures are up 217. NASDAQ futures are up about 46, with the S&P 500 up about seven points. We do expect them all to explode higher - especially with the Federal Reserve on deck with a potential interest rate cut following cooler than expected inflation."
"Alphabet will report earnings after the bell on Wednesday. Analysts expect GOOG to grow earnings by 8%. Last quarter, GOOG beat earnings and raised its spending forecast. Microsoft will post earnings on Wednesday after the bell. Analysts expect to see double-digit earnings and revenue growth in the report. Helping, analysts at Guggenheim just upgraded MSFT to a buy rating with a price target of $586 per share."
Markets are rallying sharply amid solid corporate earnings and cooler-than-expected inflation, raising expectations for a Federal Reserve interest rate cut. Futures showed significant gains, with Dow futures up 217 and NASDAQ and S&P futures also advancing. Major technology companies including Alphabet, Microsoft, Amazon, Apple, and Meta are reporting key earnings this week, and analysts expect growth for several names. Guggenheim upgraded Microsoft to a buy with a $586 price target. Amazon is expected to show nearly 10% earnings growth after a poor prior quarter. Hopes for a U.S.-China truce further support upside potential.
Read at 24/7 Wall St.
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