45 Mins Ago
30% of S&P 500 companies are due to report earnings this week
Investors are gearing up for the busiest week of earnings season, with 30% of companies in the S&P 500 slated to report.
Tech titans Alphabet and Microsoft are slated to release earnings after the bell on Tuesday. Meta is due to report on Wednesday, and Amazon on Thursday.
Three key industrial companies are also reporting, starting with 3M and General Electric on Tuesday. Boeing is set to follow on Wednesday before the bell.
With General Motors reporting on Tuesday and Ford on Thursday, investors will also gauge 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 fall amid concerns of persistent conflict in region, U.S. rate hikes
Stock markets in the Gulf declined on Sunday amid concerns about an escalation in the Israel-Hamas war and additional interest rate hikes from the U.S. Federal Reserve.
- Saudi Arabia’s benchmark index was down for a third consecutive session, ending 1.5% lower, as of October 22. Al Rajhi Bank, a Saudi Arabian bank which is the world’s largest Islamic bank by capital, lost 2.1%.
- The Qatari index continued its five-day streak of losses, 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 main share index, retreated 1.5%.
- Outside the Gulf, Egypt’s blue-chip index gained 2.4%.
Monetary policy in the Gulf Cooperation Council is usually guided by the Federal Reserve’s policies as most regional currencies are pegged to the U.S. dollar. The Gulf Cooperation Council, or GCC, has six members: Qatar, Bahrain, Oman, Kuwait, Saudi Arabia and the United Arab Emirates.
— Pia Singh
