Dow stock Boeing, before the market open, issued its sixth consecutive quarterly loss but it expects a turning point in 2021 as more people get vaccinated against Covid.
Investors will also hear from Federal Reserve Chairman Jerome Powell at the central bank’s post-meeting news conference Wednesday afternoon.
Shares of Alphabet jumped 5% in the premarket after the company late Tuesday reported its most profitable quarter ever, thanks in part to a booming IPO market and surging valuations for tech start-ups.
The company’s Azure public cloud, which competes with market leader Amazon Web Services, grew 50%, a faster clip than analysts had expected, according to a CNBC review of 14 equity research notes.
President Joe Biden, set to address a joint session of Congress on Wednesday night, will pitch Congress on $1.8 trillion in new spending and tax credits aimed toward children, students and families, senior administration officials said.
Tesla said Monday that it registered a net gain of $101 million from sales of bitcoin during the quarter, helping to boost its net profits to a record high in the first quarter.