Friday, 24 January 2020
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Wall Street set for mixed open, Alphabet to weigh on Nasdaq

Wall Street's main indexes were on course for a mixed open on Tuesday as investors assessed a barrage of earnings reports, while a slump in shares of Google-parent Alphabet was set to weigh on the Nasdaq.

The S&P 500 on Monday topped its intraday record of 2,940.91 hit on Sept. 21, rising to a session high of 2,949.52. The benchmark index is now up 17.4% for the year.

Hopes of a resolution to the U.S.-China trade war, upbeat earnings and a dovish Federal Reserve have powered the rally in stocks this year, from a steep sell-off in late 2018.

Alphabet Inc fell 8% in pre-market trading after the company posted its slowest revenue growth in three years. Apple Inc shares dipped 0.6%, ahead of results later in the day, which will wrap up earnings for the high-growth FAANG stocks.

Source : Reuters

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