Markets To Open Higher On Strong Earnings By Google, AMD

U.S. futures were up in premarket trading, with Nasdaq spiking the highest, after a strong performance by top tech companies.

The tech-focused Nasdaq index gained 1.1%, rising 173 points in futures trading on strong earnings from major tech companies. Specifically, Google and AMD beat forecasts. More earnings will be coming this week. Specifically, Meta (formerly Facebook) is reporting later today.

While most analysts fear that a rate hike may hurt tech companies, some believe companies like Amazon, Google, Meta and Microsoft make enough money to retain investor confidence. At least for now.

Level Chg. Chg. %
DOW Futures 35,308.00 54 0.15%
S&P 500 Futures 4,573.25 40.25 0.89%
Nasdaq Futures 15,259.50 260 1.73%

U.S. Dollar and Treasuries

- Advertisement -

The yield on the 10-year Treasury fell one basis point. The dollar weakened against a basket of major currencies.

Price Chg. Chg. %
U.S. Dollar Index (DXY): 95.84 -0.55 -0.57%


Yield Change Previous close
U.S. 1 Year Treasury Bill 0.762% 0 0.763%
U.S. 5 Year Treasury Note 1.610% -0.013 1.623%
U.S. 10 Year Treasury Note 1.778% -0.014 1.792%


Stocks To Watch

Google-parent Alphabet jumped about 10% in premarket trading after beating the forecast on revenue and profits. The company also announced a 20-for-1 stock split. The news indicates that the Dow Jones might soon list the company as well.

The semiconductor company Advanced Micro Devices surged even higher, some 12% on strong earnings. Chipmaker NVIDIA was also up after strong earnings from AMD.

A not-so-stellar performance came from PayPal, which dropped 16%. The company reported that the galloping inflation will likely hurt transaction volumes, hurting its bottom line.

PayPal’s warning might have affected other payment processors as well. Dorsey’s company Block dropped 6% in premarket trading, erasing its Tuesday’s gains of 4.7%.

Symbol Company Name Price Chg. % Volume
PYPL PayPal Holdings Inc. $145.28 -17.36% 1.31M
AMD Advanced Micro Devices Inc. $131.48 12.59% 1.26M
NVDA NVIDIA Corp. $260.15 5.59% 518.51K
SQ Block Inc. $119.25 -6.55% 265.55K
GOOGL Alphabet Inc. Cl A $3,042.00 10.50% 124.18K

Commodities To Watch

Oil was up on a draw on U.S. stock. Gold was slightly up on a weaker dollar. 

Resource Price Chg. %
WTI Crude Oil $88.65 0.51%
Brent Crude Oil $89.51 0.39%
Natural Gas $5.19 9.30%
Gold $1,805.10 0.20%
Silver $22.85 1.13%
Copper $4.49 1.21%



The global crypto markets slightly rebounded today. Most major cryptos remained stable. The outlier is Solana, which surged after Coinbase listed two of its native tokens.

Currency Symbol Price Chg. % Market Cap.
Bitcoin BTC $38,712.28 -0.34% 733.47b
Etherium ETH $2,802.10 +0.82% 333.55b
Binance coin BNB $385.11 +0.13% 57.25b
Solana SOL $111.66 +4.40% 35.16b
Cardano ADA $ 1.080 +1.62% 33.59b

- Advertisement -

Related Articles

Stay Connected

- Advertisement -

Latest Articles

Get The Full Story From Me

Conservative Media is under attack from Big Tech. Please join my 100% FREE NEWSLETTER.