Wall Street indexes ticked higher after the open, putting stocks on track to add to 2022’s early gains. Here’s what we’re watching in Tuesday’s trading:
- Apple on Monday briefly touched $3 trillion in market value, becoming the first U.S. company to do so.
Apple’s valuation hit $3 trillion for the first time on Monday.
Photo: Jeenah Moon/Bloomberg News
- Tesla shares on Monday also notched a strong start to 2022 on the heels of reporting that its deliveries of vehicles surged last year.
- Ford Motor said Tuesday it has doubled its goal for manufacturing its new electric version of the F-150 pickup truck, targeting 150,000 per year.
- Shares of Chinese e-commerce company Jowell Global dropped in early trading, adding to Monday’s loss when the stock closed down 59%.
- U.S. health regulators cleared use of a Covid-19 booster from Pfizer and BioNTech in adolescents 12 to 15 years old, expanding access to an extra dose that could bolster the fight against the Omicron variant.
- Cruise operators Carnival and Royal Caribbean were ticking higher, just days after the CDC recommended all Americans avoid cruise ships, even if they are vaccinated.
- AT&T and Verizon said they agreed to delay their rollout of a new 5G service for two weeks, reversing course after previously declining a request by U.S. transportation officials.
- MillerKnoll and Smart Global Holdings are among the companies reporting earnings Tuesday.
Chart of the Day
- Large lenders in Australia and Spain are offering customers cryptocurrency assets for the first time.
Write to James Willhite at [email protected]
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