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Here are one of the most vital story that financiers require to begin their trading day:
1. Climbing
Stocks proceeded their gains on Monday in advance of a Federal Book conference and the launch of significant company revenues. The S&P 500 climbed 0.32% while the Nasdaq Composite and Dow Jones Industrial Average rose 0.35% and 0.38%, respectively. Tesla shares jumped 15% after it passed a milestone to release its advanced driver-assistance technology in China. Apple also climbed 2.5% on an upgrade from investment firm Bernstein ahead of the tech giant’s earnings release Thursday. Traders will closely follow earnings after the bell today from Amazon, Advanced Micro Devices and Starbucks. Adhere to real-time market updates.
2. McDonald’s mixed
A indication for the united state junk food dining establishment chain McDonald’s is seen outside among their dining establishments in Sint-Pieters-Leeuw, near Brussels, Belgium March 4, 2024. Â
Yves Herman|Reuters
McDonald’s reported mixed results Tuesday. The company had a slight beat on revenue but earnings per share were just below estimates. McDonald’s saw low-income customers in the U.S. pull back on spending. Overseas, the chain faced boycotts after its Israeli licensee offered discounts for soldiers. McDonald’s had to close some locations temporarily, pressuring sales in the Middle East.
3. Three-E-Os
Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022.Â
Thilo Schmuelgen | Reuters
Paramount Global is shaking things up in the C-suite. The company announced Monday that CEO Bob Bakish will be replaced by an “Office of the CEO” headed by three executives. The media giant will be led by CBS President and CEO George Cheeks; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, the head of Paramount Pictures and Nickelodeon. The announcement comes as Paramount is nearing a merger with Skydance Media. Paramount also reported mixed results for the first quarter Monday that beat on earnings but missed on revenue.
4. Luxury demand poor
The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany.
Arjun Kharpal | CNBC
5. New label
People talk outside a Wal-Mart Pickup-Grocery store in Bentonville, Arkansas.
Rick Wilking | Reuters
â CNBC’s Alex Harring, Amelia Lucas, Lillian Rizzo, Sophie Kiderlin, Jenni Reid and Melissa Repko contributed to this report.
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