Investing.com-Twitter pushed Big Tech stocks up on Tuesday to a new high of over 14,000. This is one of a series of daily milestones last week.
Expectations are over Twitter Inc Quarterly earnings of (NYSE :). It will be reported late in the afternoon after the closing bell.
Stock prices also rose due to evidence of a decline in new virus cases in the United States and an increase in the pace of vaccines. Strategists say that means the United States is on track for a surprisingly strong resumption.
In Washington, where President Joe Biden met with business leaders on a $ 1.9 trillion bailout package, the Senate celebrated the first day of the second trial of former President Donald Trump, the only U.S. leader to be impeached twice during his tenure. I accepted it.
The earnings season is nearing its end, but there are still many reports this week, along with data on consumer prices and oil.
There are three things that can affect tomorrow’s market.
1. Revenue from Coke, Uber, etc.
On Wednesday, you will receive revenue reports from many iconic brands, including: Coca-Cola Company (NYSE :), Uber, and General Motors.
Analysts tracked by Investing.com expect Coke to report earnings per share of 42 cents for $ 8.6 billion in earnings. Uber Technologies Inc (NYSE :) is expected to report an EPS of 53 cents with $ 3.6 billion in sales. General Motors (NYSE :), which aims to produce electric vehicles by 2035, is expected to report $ 1.64 EPS for $ 36.1 billion in revenue.
2. High oil prices for nearly 13 months
On Tuesday, the US hit a 13-month high after predicting a slow recovery of domestic industry to pre-pandemic production levels, but Libya’s export problems continued to keep the global spot market It was tightened.
Prices may be affected by industry data released later on Tuesday and the government’s weekly data report scheduled to be released Wednesday at 10:30 am EST (1430 GMT).
3. Consumer price data
While President Biden was in talks with the CEO about economic stimulus, the government was preparing to release data on consumer prices, which are expected to rise from December.
January will be released Wednesday at 8:30 am EST (1230 GMT). Analysts expect it to increase from 0.1% last month to 0.2%.
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Three things Investing.com pays attention to
https://www.investing.com/news/stock-market-news/uber-profit-oil-stocks-consumer-prices-3-things-to-watch-2413988 Three things Investing.com pays attention to