In This Article:
Meta Platforms (META) and Microsoft (MSFT) released their latest quarterly earnings after the market close on Wednesday, both topping Wall Street expectations. Read up on Yahoo Finance tech editor Dan Howley's coverage of both.
Amazon (AMZN) and Apple (AAPL) are next on deck from the Magnificent Seven to report earnings results after the closing bell today.
Tesla (TSLA) chair Robyn Denholm has denied reports that the electric vehicle manufacturer has initiated a search for a new CEO to replace Elon Musk.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
So let's get to the three things that you need to know today.
First up, US stock futures continue to push higher this morning on the back of strong results from Meta and Microsoft. The social media giant beat first quarter revenue estimates and signaled it's well positioned to navigate macroeconomic uncertainty. Meantime, Microsoft shares jumping on strong quarterly cloud growth with sales and profit beating estimates.
Now investors are looking ahead to results from Amazon and Apple. For Apple, analysts and investors will be looking for any insights on the future impact of tariffs and the company's ongoing efforts to catch up in AI. Amazon results will also offer some insight into the health of the consumer, as well as the company's push into the cloud.
And taking a look at Tesla, the company denying reports that the company's board opened a search to find a new CEO. Tesla's chair said the board is highly confident in Musk's ability to continue executing on its quote exciting growth plan ahead. Tesla's vehicle sales and stock price have slumped this year, as Musk has devoted significant time to working for President Donald Trump. Well, the CEO reassured some investors last week saying he'll allocate far more of his time to the carmaker. Others are concerned he's doing lasting damage to the company's brand.
