Here are the most important news investors need to start their trading day:
1. rock climbing
Stocks continued to rise on Monday ahead of the Federal Reserve meeting and major corporate earnings releases.this The S&P 500 rose 0.32%, while Nasdaq Index and Dow Jones Industrial Average rose 0.35% and 0.38% respectively. Tesla The company’s shares rose 15% after the milestone launch of advanced driver assistance technology in China. apple Investment firm Bernstein upgraded the company’s rating ahead of the tech giant’s earnings report on Thursday, sending the company’s shares up 2.5%.Traders will be keeping a close eye on earnings reports after today’s close Amazon, Advanced Micro Devices and Starbucks. Follow real-time market updates.
2. McDonald’s Mix
A sign is hung outside a restaurant of the American fast food chain McDonald’s in Saint-Peterslieu, near Brussels, Belgium, March 4, 2024.
Yves Herman | Reuters
McDonald’s Results released Tuesday were mixed. The company’s revenue grew slightly, but earnings per share were slightly below expectations. McDonald’s found lower-income customers in the U.S. were spending less. Overseas, the chain has faced boycotts over Israeli licensees offering discounts to soldiers. McDonald’s has had to temporarily close some stores, putting pressure on sales in the Middle East.
3. Three EOs
Paramount executive Bob Bakish attends the 2022 MTV European Music Awards (EMA) at the PSD Bank Dome in Dusseldorf, Germany on November 13, 2022.
Thilo Schmelgen | Reuters
Paramount Worldwide is shaking up the C-suite. The company announced Monday that Chief Executive Bob Bakish will be replaced by an “Office of the CEO” led by three executives. The media giant will be led by George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; as well as Paramount Pictures and Brian Robbins, head of Nickelodeon. The news comes as Paramount is set to merge with Skydance Media. Paramount also reported mixed first-quarter results on Monday, with profits better than expected but revenue lower than expected.
4. Poor demand for luxury goods
The Porsche Mission X is on display at the 2023 IAA Mobility show in Munich, Germany.
Arjun Kapoor | CNBC
5. New tab
People talk outside a Walmart pickup store in Bentonville, Arkansas.
Rick Wilkin | Reuters
— CNBC’s Alex Harring, Amelia Lucas, Lillian Rizzo, Sophie Kiderlin, Jenni Reid and Melissa Repko contributed to this report.
— Follow broader market trends like a pro CNBC Pro.
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