47 Mins Ago
30% of S&P 500 companies are set to report earnings this week
Investors are eagerly anticipating the busiest week of earnings season, as 30% of companies in the S&P 500 are scheduled to report.
Tech giants Alphabet and Microsoft are set to release earnings after the closing bell on Tuesday. Meta is due to report on Wednesday, and Amazon on Thursday.
Three major industrial companies will also report, starting with 3M and General Electric on Tuesday. Boeing is scheduled to follow on Wednesday before the market opens.
With General Motors reporting on Tuesday and Ford on Thursday, investors will also be monitoring the economic impact of the United Auto Worker strikes.
— Lisa Kailai Han, Robert Hum
An Hour Ago
Stock futures open higher
6 Hours Ago
Gulf markets decline amid concerns of ongoing conflict in the region and U.S. rate hikes
Stock markets in the Gulf experienced a decline on Sunday due to concerns about an escalation in the Israel-Hamas conflict and anticipated interest rate hikes by the U.S. Federal Reserve.
- Saudi Arabia’s benchmark index recorded a third consecutive session loss, closing down 1.5% as of October 22. Al Rajhi Bank, the world’s largest Islamic bank by capital, experienced a decrease of 2.1%.
- The Qatari index continued its five-day losing streak, ending 0.9% lower, with Industries Qatar dropping 2.2% and Qatar Navigation sliding 3%. The Qatar National Bank declined by 2.1%.
- The Dubai Financial Market General Index, Dubai’s primary share index, retreated 1.5%.
- Outside the Gulf, Egypt’s blue-chip index rose by 2.4%.
Monetary policy in the Gulf Cooperation Council is typically influenced by the Federal Reserve’s policies since most regional currencies are pegged to the U.S. dollar. The Gulf Cooperation Council, or GCC, consists of Qatar, Bahrain, Oman, Kuwait, Saudi Arabia, and the United Arab Emirates.
— Pia Singh
