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Stock futures fell on Tuesday as the earnings season shifts to another gear with reports from mega-cap tech companies and investors await the prospect of a stimulus from the Federal Reserve.
Here are some of the big players in the stock market on Tuesday:
1. Tesla | Up 1.36%
You’re here (TSLA) – Get a report shares rose after the electric vehicle maker posted higher-than-expected second-quarter profits and said it was on track to build the first Model Y sedans from new facilities in Austin, TX and in Berlin before the end of the year.
2. General Electrical | Up 4.18%
General Electric shares (TO GIVE) – Get a report rose after the industrial company posted better-than-expected second-quarter earnings and raised its forecast for industrial free cash flow to $ 3.5 billion to $ 5 billion.
Revenue increased 9% to $ 18.3 billion.
3. Alibaba Group | Down 3%
Ali Baba (BABA) – Get a report and other shares of Chinese-owned tech companies fell amid a massive sell-off induced by China’s growing crackdown on internet companies whose shares are listed in the United States and other markets in China. outside of China.
4. Lucid group | Up 1.01%
Shares of luxury electric vehicle startup Lucid Motors (LCID) – Get a report soared a day after the electric vehicle company made its Nasdaq debut.
Listing follows Friday closing of merger between special purpose acquisition company Churchill Capital (CCIV) – Get a report, a blank check company created by investment banker Michael Klein.
5. 3M | Up 0.72%
3M (MMM) – Get a report shares rose after the conglomerate posted better-than-expected second-quarter profits and raised its full-year profit forecast as healthcare and industrials sales generated gains for its bottom line.
Revenue increased 24% to $ 8.9 billion.
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