Marketwatch stocks, bonds and more!
Stocks opened Tuesday modestly higher, a day after closing lower as investors prepared for a two-day Federal Reserve meeting that concludes tomorrow.
The S&P 500 ticked up 0.2%, according to FactSet
Tweet on Trending stocks
Marketwatch
Exxon: Shares fell 2.5% despite record annual earnings of $55.7 billion
Spotify:shares rose 5.2% premarket
General Motors: shares jumped 4.7% premarket
UPS: shares up 1.7%.
Tesla: Shares were down 1.2% premarket
Micron: Shares slid 4.3% premarket #Trending #stocks pic.twitter.com/9Bq8QDZCPl— The_Journalbiz (@the_journalbiz) January 31, 2023
Factset chart on trending stocks
The Dow industrials added 0.1% and The Nasdaq Composite rose 0.3% while the trending stocks today are:
Exxon: Shares of the largest U.S. oil company fell 2.5% before the opening bell, despite reporting record annual earnings of $55.7 billion for 2022. Among companies that have reported fourth-quarter earnings, only Apple and Microsoft have surpassed Exxon’s profit in fiscal 2022 so far.
Spotify: Spotify shares rose 5.2% in premarket trading after reporting strong user growth but another quarterly loss after the company invested extensively to build its podcast business.
General Motors: The car company’s shares jumped 4.7% premarket after reporting Tuesday a 15% rise in quarterly net income, as vehicle output rebounded from supply-chain snarls and the company’s pricing held strong.
UPS: The delivery company said Tuesday that it had a decline in fourth-quarter revenue after delivering fewer items during the holidays. Still, its quarterly earnings came in higher than the year before, sending its shares up 1.7% before the opening bell.
Tesla: Shares were down 1.2% in premarket trading. Through Monday, its shares were up 35% for January, putting it on pace for its best month since October 2021.
Micron: Shares of Micron Technology slid 4.3% in premarket trading, putting it on pace to extend its losses into a second day. The memory-chip industry has been under pressure recently as it faces a slump in demand for gadgets after the pandemic boom.
*Snap and AMD will report quarterly results after the markets close Tuesday.
