Stock Market Rallies on Tech Earnings and Inflation Data; Paramount Global, Tesla Make Headlines

Here are the most important news items that investors need to start their trading day: 1) Major stock indices experienced impressive gains last week, with the S&P 500 and Nasdaq Composite increasing by 2.7% and 4.2%, respectively, while the Dow rose by a more modest 0.7%. The positive performance was driven by strong earnings from tech giants such as Apple and Amazon following favorable inflation data in the US. This week is expected to see an abundance of major corporate results, key labour statistics, and a Federal Reserve meeting for further examination. Investors are encouraged to keep abreast with real-time market updates. 2) Over forty percent (45%) of S&P 500 companies have already released their earnings reports this quarter, and almost four out of every five exceeded expectations according to FactSet’s data analysis. This week will see approximately one hundred sixty S&P 500 firms disclose their results including tech giants Apple and Amazon as well as McDonald’s. Keep a watchful eye for earnings to take notice this upcoming workweek! 3) Rumours claim Paramount Global might potentially sack Chief Executive Bob Bakish after Shari Redstone, the controlling shareholder of the company lost faith in him due to his leadership style during crucial negotiations with Charter Communications concerning cable companies. This news comes as a result of an announcement made by CNBC’s Alex Sherman on Monday morning prior to Paramount Global’s earnings report scheduled for later that afternoon. 4) Advertising is making a comeback, according to recent reports from Meta, Snap and Google which all surpassed analyst expectations in their first-quarter results while also experiencing improvements within their respective advertising segments. The revitalization comes after ad expenditure dropped as inflation rates heightened in 2021 alongside budget reductions enforced by organizations across the world at that time period. Nonetheless, Citigroup has observed a strengthening of broader advertising environment which was demonstrated through Google Search and YouTube’s successful operations earlier this year! 5) Tesla shares jumped approximately nine percent during pre-market trading on Monday following news that China had lifted restrictions on its cars in the country allowing for Full Self Driving (FSD), an advanced driver assistance software, to be made available soon. This announcement comes after CEO Elon Musk’s recent visit to Beijing over the weekend where he met with Chinese Premier Li Qiang!