Read full post at forexlive.com
The major US stock indices are trading higher in premarket trading, but off the highest levels.
For the trading week, the major indices are going into today’s trade with gains. The S&P is looking to snap a three week decline while the NASDAQ index is looking to snap a four week decline:
Shares of Microsoft after their earnings are trading at $14.36 or 3.6%. Alphabet shares are up $18 or 11.47%. They too announced earnings after the close yesterday. Intel shares are sharply lower after disappointing earnings (down -9.26%).
Nvidia shares are up $13.21 or 1.60%. Amazon shares are up $4.48 or 2.58%. Meta Platforms shares are down $-1.78 or -0.40%. Yesterday Meta Platforms shares fell $52.12 or -10.56% after announcing higher expenses and lower expectations for Q2 revenues.