Positive start for stocks in the new trading week

There was a modest blip in the price action in the US stocks when the refunding estimates for the 2Q were released and were much higher than expected. The broader S&P and Nasdaq indices dipped into negative territory, but the fall stalled, and the price of the indices rallied into the close.

At the end of the day:

• Dow Industrial Average average rose 146.43 points or 0.38% at 38386.10
• S&P index rose 16.21 point or 0.32% at 5116.16
• NASDAQ index rose 55.18 points or 0.35% at 15983.08

The small-cap Russell 2000 rose 14.02.2 or 0.70% at 2016.02

Looking at some of the large-cap stocks :

• Shares of Meta Platforms continued their decline with the fall of -10.67 points or -2.41% to $432.62. It’s time reached $531.41back on April 5 . The earnings and forecasts were disappointing to investors last week.
• Amazon will announce its earnings after the close tomorrow. Its shares rose 0.75% today.
• Super Micro Computers rose $32.91 or 3.84% to $890.35. SMCI will announce their earnings after close tomorrow
• Microsoft shares fell $-4.07 or -1.0% to $402.28.
• Apple rose $4.20 or 2.48% at $173.50 on a analyst upgrade
• Tesla rose $25.76 or 15.31% to $194.05 after a surprise trip by Elon Musk to China over the weekend.

A list of the earnings this week, shows:

Tuesday, April 30

• PayPal
• Lilly
• 3M
• McDonald’s
• Coca-Cola
• Amazon *
• AMD*
• Super Micro Computers*
• Starbucks*
• Pinterest

Wednesday, May 1

• Pfizer
• CVS
• MasterCard
• Marriott
• Qualcomm *
• Carvana *

Thursday, May 2

• Peloton
• Moderna
• Apple *
• Coinbase *
• Block *
• DraftKings *
• Fortinet *

Friday, May 3

• Hersey

This article was written by Greg Michalowski at www.forexlive.com.