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Stock impact report

S&P, Nasdaq futures advance on tech boost, earnings cheer [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
awaited economic data due later this week for clues on the U.S. central bank's interest-rate trajectory. Tesla led gains across megacap stocks with a 9.9% jump in premarket trading after the electric-vehicle maker said it would introduce new, affordable models. Other EV stocks also rose, with Lucid Group, Nikola and U.S.-listed shares of Nio up between 1.2% and 3.7%. Shares of other growth stocks also advanced, with Amazon.com, Microsoft and Nvidia up between 0.3% and 1.6%. Meanwhile, Meta Platforms and Snap gained 1.7% and 2.1%, respectively, after the U.S. Senate passed a bill late on Tuesday that would ban TikTok in the United States if its owner, the Chinese tech firm ByteDance, failed to divest the popular short video app. Meta, Microsoft and Alphabet are scheduled to report their quarterly results later this week. Planemaker Boeing, defense conglomerate General Dynamics and drugmaker Biogen are among others slated to report quarterly earnings before the bell. U.S. Show less Read more
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