Stock highs, Alphabet’s 100-year bond, earnings: 3 Things
- Finance
ThePostMaster- 0
- 4 minutes read
US stock futures (ES=F, NQ=F, YM=F) hover around their flatlines in Tuesday’s pre-market trading after equities steadied themselves from the recent tech sell-off in Monday’s session.
Alphabet (GOOG, GOOGL) has launched a new bond offering with a 100-year maturity while selling $20 billion in bonds to fund its AI spending.
Coca-cola (KO) shares are taking a dip this morning after releasing its latest earnings results, while Spotify (SPOT) surges on its latest earnings release.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief.
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US stocks are trading near record highs ahead of key economic data including the US jobs report and the latest read on inflation. This morning we already got an economic data report of retail sales from December showing no growth. and we’re going to talk much more about the state of the consumer throughout the show. Plus investors are betting on another century of Google parent Alphabet according to reports, Alphabet selling a billion dollars worth of bonds that won’t mature for 100 years. It is the first tech company to
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offer the long-dated bond since Motorola in 1997. Of course, we’re going to be talking a lot about the tech trade today as well. and keeping an eye on some earnings movers this morning. Coca-Cola’s results underwhelmed investors after its outlook came in at the bottom end of its range. Meanwhile, Spotify’s getting a boost after the company said monthly active users jumped 11% from a year ago to 751 million. We’re going to have more earnings coverage throughout the show including the takeaway from our interview with Coca-Cola’s outgoing CEO.
