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Earnings, Tech Outlooks Lift Wall Street Pre-Bell; Asia, Europe Up
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Earnings, Tech Outlooks Lift Wall Street Pre-Bell; Asia, Europe Up
Apr 29, 2024 4:27 AM

07:09 AM EDT, 04/29/2024 (MT Newswires) -- Wall Street futures pointed moderately higher pre-bell Monday as traders weighed the unfolding earnings season and awaited this week's policy statement from the Federal Reserve.

The Fed's two-day policy session will conclude Wednesday, though pundits anticipate no major changes in the central bank's policies.

In the futures, the S&P 500 rose 0.2%, the Nasdaq inclined 0.3% and the Dow Jones was up 0.1%.

Asian exchanges traded mostly higher overnight but with Tokyo on holiday, while European bourses tracked moderately north midday on the continent.

Tesla (TSLA) traded up 9.6% pre-bell after media reports the EV-maker has hurdled Beijing's safety requirements and tabbed Baidu to help implement full self-driving autos using Baidu's navigation functions.

Among corporate titans reporting earnings this week are Apple (AAPL), Amazon (AMZN), Qualcomm (QCOM), Coca-Cola (KO), McDonald's (MCD), KKR (KKR), Starbucks (SBUX), Eli Lilly (LLY), Amgen (AMGN), Pfizer (PFE), CVS Health (CVS), PayPal (PYPL), Mastercard (MA), and Kraft Heinz (KHC).

ON Semiconductor (ON), Domino's Pizza (DPZ) and Franklin Resources ( BEN ) plan to report earnings pre-bell, among others.

On the thin economic calendar is the Dallas Fed Manufacturing Survey for April at 10:30 am ET.

In pre-market action, Bitcoin traded at $62,543, West Texas Intermediate crude oil traded lower at $83.77, and 10-year US Treasuries offered 4.62%. Spot gold traded for $2,343 an ounce.

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