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US stocks edging higher early Tuesday; 60% of benchmark S&P have released 1Q earnings
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U.S stocks were higher early Tuesday morning as first-quarter earnings reports continue to be released this week.
DOW JONES AVERAGES
NASDAQ COMPOSITE INDEX
Thus far, 292 stocks in the S&P 500, or nearly 60% of the benchmark index, have posted January through March results, and so far the numbers are for the most part well ahead of forecasts.
Lots of earnings are on deck for Tuesday include Marathon Petroleum, Pfizer, DuPont, Biogen, Molson Coors, Rockwell Automation and Hilton Worldwide to name a few.
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In the afternoon watch for Prudential Financial, AIG, Starbucks, AMD, Airbnb, Herbalife, Akamai Technologies and Lyft among many others.
Investors also are expecting another rate hike by the U.S. Federal Reserve as it and other central banks accelerate efforts to curb inflation. The central bank is expected to raise short-term interest rates by double the usual amount when it releases its latest statement on Wednesday. It has already raised its key overnight rate once, for the first time since 2018, and Wall Street is expecting several big hikes in coming months.