The three major indices of US stocks recorded gains when they closed the opening session of the week on Monday, April 25th. Support for the technology sector urged the gains of US stocks in the opening session, coinciding with the absence of economic data affecting market movements and anticipation of inflation figures represented in the PCE index, which will be issued at the end This week.
After the US stocks started to open in red, affected by the pressures stemming from the fears of slowing the growth of the global economy, the stocks turned green in the middle of the session, as the Dow Jones Industrial Average recorded the largest daily shift in two months.
Here, companies and financial institutions are preparing to disclose their quarterly results for the first quarter of this year during the week, as Alphabet, Visa, PepsiCo and Microsoft will announce today, Tuesday, while Meta or Facebook previously, PayPal and Boeing will announce tomorrow, Wednesday, and Amazon, Apple, Twitter and Nokia are preparing to disclose Thursday, to conclude with Exxon Mobil on Friday.
. In a related context, the Twitter company’s board of directors announced yesterday, Monday, that they unanimously approved the offer of Tesla Chairman Elon Musk to buy the social media company at a price of $44 billion, bringing the company’s share up by 5.66% at closing at $51.70.
The Dow Jones Industrial Average closed up by about (238) points at the close at 34.049 levels, with gains of about 0.70%, and it is now trading in the futures for today’s session, Tuesday, at 34.090 levels, with gains of about 30 points.
While the S&P 500 index recorded highs at the close at 4.296 levels, an increase of about (24) points or 0.57%, and it is now trading in futures at 4.299 levels, up by about 4 points.
While the Nasdaq index recorded gains of 165 points, to close the session at 13.004 points, recording a profit of about 1.29%, and it is now trading in futures, up by about 11 points.