Earnings Report

Microsoft reported net income of $15.46 billion, or $2.03 per share, which included a $620 million tax benefit. Without the tax gain, net income came in at $14.8 billion, or $1.95 per share.

Starbucks Corp. said it expects profit to increase this year as sales recover at cafes that it is operating more efficiently than before the coronavirus pandemic.

UPS is one of the few companies that benefited from the pandemic as demand for delivery rose as more people stayed home and shopped online.

GE, 3M earnings in focus, along with GameStop's stock sale and the Federal Reserve as its two-day meeting begins.

General Electric’s revenue fell 12% to $17.1 billion, reflecting a 28% decline in its aviation unit and a 9% drop in its healthcare unit after selling off part of the business.

Tesla vice president of vehicle engineering Lars Moravy told analysts on the electric vehicle maker's first quarter earnings call that representatives from the company were able to inspect the crash along with local law enforcement and federal investigators from National Highway Traffic Safety Administration (NHTSA) and the National Transportation Safety Board (NTSB).

Elon Musk's Tesla reported record net income of $438 million. Total revenue grew 74% year-over-year to $10.3 billion.

U.S. equity markets gained ground Monday morning as investors digested underwhelming economic data and readied for a big week for tech earnings.

The earnings parade rolls on this week as dozens of names including Tesla, Microsoft, Alphabet, Apple, Amazon and Facebook are set to report.

U.S. equity markets rallied Friday as investors digested strong economic data and continued to weigh the impact of President Biden’s expected proposal to hike the capital gains tax rate.