From Nasdaq: 2024-04-30 03:27:00

Wall Street closed higher on Monday, with the Dow Jones, Nasdaq, and S&P 500 all ending in positive territory. A crucial week ahead includes earnings reports from 1,300 companies, the Fed’s FOMC meeting, and key economic data releases. Tesla stock soared 15.3%, Apple renewed AI discussions, and Paramount Global saw a 2.9% rise.

Q1 earnings reports show positive results, with 78.2% beating EPS estimates and 59.8% beating revenue estimates. The S&P 500 is expected to show a 3.8% earnings growth on 3.7% higher revenues for the first quarter of 2024. Market participants are closely watching the Fed’s FOMC meeting for any indications on interest rates and inflation concerns.

A Zacks expert picks an American AI company as the top stock expected to double or even quadruple in the near future. Clients include big names like BMW and GE. For more stock picks and analysis from Zacks Investment Research.



Read more at Nasdaq: Stock Market News for Apr 30, 2024