stocks closed almost unchanged on Tuesday as investors geared up for the tech heavyweights to announce their quarterly results.
The tech-heavy Nasdaq lost 0.3% or 48.56 points to close at 14,090.22 points, after having recorded its all-time closing high of 14,138.78 points in the previous session.
Investors geared up for the busiest earnings week on Tuesday as a slew of companies are scheduled to come up with their quarterly results.
The mixed sentiment on Tuesday, with investors waiting for the tech heavyweights to report their quarterly earnings, left stocks near unchanged.
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You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround.
For starters, the company got an $800 million extension on its $200 million Series C round announced last October.
At the recent Boao Forum for Asia, China’s answer to Davos, the American payments giant said its strategy for China is not to challenge the duopoly of Alipay and WeChat Pay.
Spot gold was down 0.6% to $1,765.85 per ounce by 1106 GMT, after dipping to its lowest since April 20 at $1,762.50.
Shares eased from record peaks on Tuesday as optimism about a global economic recovery was dented by caution before a policy decision by the Federal Reserve and earnings updates from a number of blue-chip companies.
A surge in shares of Alphabet following strong earnings drove the S&P 500 to a record high and bolstered the Nasdaq index, while investors hoped that the Federal Reserve would stick to its promise of keeping monetary policy loose.
It warns in the draft that it could cancel government contracts granted to firms that gain an unfair advantage from such subsidies.European officials are seeking the power to inspect companies’ offices outside of Europe, with the permission of the company and the knowledge of the foreign state, according to the draft.Regulators suggest ways that companies could allay concerns over subsidies, including granting rivals access to infrastructure, licensing on fair terms or publishing research.
Investors will be scrutinizing the Federal Reserve’s comments at the close of its policy meeting this week, which will come on Wednesday, for insight into the central bank’s thinking on inflation, bond purchases and risks to the financial system posed by soaring asset prices.