Published on 24 Apr 2024 on Benzinga
Nasdaq, S&P 500 To Open Higher After Tesla, TI Earnings: What's Driving Stock Futures? - Invesco QQQ...
Nasdaq and S&P 500 futures signaled a higher open on Wednesday, thanks to upbeat guidance from EV giant Tesla, Inc. TSLA and semiconductor major Texas Instruments, Inc. TXN, although Dow futures were marginally lower. Investors will keep their eyes peeled for some important economic data, including early quarterly GDP growth and personal consumption expenditure figures, later this week.
The PCI reading will likely be the last inflation reading before the Federal Reserve announces its next verdict in May. Bond yields resumed their climb, reflecting worries the Fed was not cutting rates enough this year.