Market Rebound, Uber Shines, and More - 5 Things for Investors Today

Stocks are looking to build on yesterday's gains as futures pointed higher ahead of the start of trading.

Sponsor

Buy This Top Tech Stock BEFORE Its Price Moves Higher

Claim Your FREE Report on the Top Tech Stock to Buy & Hold Now!

Here are the top stories investors need to know about this morning:

Market Comeback
The major U.S. indices bounced back on Tuesday, partially recovering from three straight days of losses. The Dow rose 0.76%, the S&P 500 climbed 1.04%, and the Nasdaq jumped 1.03%. Investor sentiment also surged in Japan, with the Nikkei 225 skyrocketing 10.2% in its best session since 2008.

Uber Exceeds Expectations
Ride-hailing giant Uber topped Wall Street's Q2 projections. The company posted earnings per share of $0.47 on revenues of $10.7 billion, beating estimates of $0.31 EPS on $10.57 billion. Uber also saw rising user metrics, with 156 million monthly active consumers taking 2.77 billion trips during the quarter.

Microsoft-Delta Feud Escalates
The war of words is intensifying between Microsoft and Delta Air Lines over last month's crippling global IT outage. Microsoft claims it offered to help Delta recover for free but was rejected. It also criticized Delta's recovery efforts compared to peers. Delta is pursuing damages from Microsoft and cybersecurity firm CrowdStrike over the disruptions.

Harris Taps Walz for VP
Vice President Kamala Harris officially named Minnesota Governor Tim Walz as her running mate for the 2024 election. Harris praised Walz as a "battle-tested leader" at their first joint rally in Philadelphia. Walz accepted, saying he's "all in" on the Democratic ticket.

Disney Streaming Price Hikes
Get ready to pay more for Disney's streaming bundles. From mid-October, Disney+ basic will cost $9.99/month, up from $7.99. Hulu pricing is also increasing by $1-$2 across plans with and without ads. The moves aim to drive customers towards Disney's bundled offerings.

Stay tuned to the markets and have a profitable trading day!

YOU NEED TO READ THIS NEXT