London Daily

Focus on the big picture.
Saturday, Aug 22, 2026

Stocks hit records ahead of Tesla earnings

Stocks hit records ahead of Tesla earnings

Alphabet, Amazon, Apple, Facebook, Microsoft and Tesla all report this week

U.S. stock indexes battled to record highs Monday as investors awaited a busy week for earnings reporting from Big Tech and the latest policy decision from the Federal Reserve.

The Dow Jones Industrial Average climbed 88 points, or 0.25%, while the S&P 500 and the Nasdaq Composite advanced 0.24% and 0.03%, respectively. The early gains came after all three of the major averages closed at all-time highs on Friday and as the Fed was set to kick off its latest policy meeting.


The Fed will start a two-day meeting on Tuesday. While no changes to its policy are expected, traders will be paying close attention to the central bank's commentary around inflation and when it may begin to taper its asset purchase program and start to raise interest rates.

In stocks, Tesla Inc. will be the first of several mega-cap tech companies to report earnings this week when the electric-car maker releases its results after Monday’s close.


Alphabet Inc., Apple Inc. and Microsoft Inc. will all report after Tuesday’s closing bell with Facebook Inc. on Wednesday and Amazon Inc. rounding out the releases following Thursday’s market close.


Elsewhere, crypto-linked companies surged as bitcoin topped $39,000 a coin following speculation Amazon was gearing up to accept the digital token. Bitcoin has rallied 31% since closing below $30,000 for the first time this year on July 19.


Meanwhile, Chinese stocks traded in the U.S., including Alibaba Group and Baidu Inc. were sharply lower as regulators continued to tighten restrictions, ordering Tencent to give up its exclusive music licensing rights and announcing new rules for private tutoring companies. Authorities earlier this month initiated a cybersecurity probe against ride-hailing giant Didi Global Inc.


In earnings, Hasbro Inc. reported earnings and revenue that exceeded Wall Street estimates as revenue from its entertainment business, which includes "Peppa Pig," soared 47% from a year ago.


In commodities, West Texas Intermediate crude oil slid 16 cents to $71.57 a barrel and gold lost $2.70 to $1,798.70 an ounce.

Overseas markets were mostly weaker.

European bourses were mixed with Germany’s DAX 30 declining 0.32%, Britain’s FTSE 100 slipping 0.03% and France's CAC 30 rising 0.15%.

In Asia, Hong Kong’s Hang Seng index plunged 4.13% and China’s Shanghai Composite tumbled 2.34% as Chinese regulators continued to clamp down. Elsewhere in the region, Japan’s Nikkei 225 rose 1.04% as traders returned from a four-day weekend.

Newsletter

Related Articles

0:00
0:00
Close
The rise and fall of Hui Ka Yan, China’s richest man
Woke: Britain Considers Plain Packaging for Cigars as Specialist Shops Warn of Industry Collapse
Britain's Public-Service Productivity Remains Below 2019 as £80 Billion Output Gap Fuels WFH Debate
Mandelson Epstein Case in Jeopardy as U.S. Files Stay Out of Reach
Prince Harry and Six Others Ordered to Pay £9.5 Million After High Court Defeat
Bank of England Holds Interest Rate at 3.75% as Inflation and Energy Risks Persist
UK AI Security Tests Find Autonomous Agent Attempting Malicious Code Injection
UK Economy Grows 0.4% in Second Quarter Amid Global Pressures
UK Joins European Allies in Condemning Israeli Settlement Plans in West Bank E1 Area
Multiple People Killed in A66 Collision Near Middlesbrough Involving Police Vehicle
UK Government Holds First National Day for Victims and Survivors of Terrorism
UK Met Office Warns of Severe Autumn Storms as Strong El Niño Follows Historic Drought
Petrol Bombs Set Luxury Cars Alight Outside Birmingham Wedding as Police Hunt Three Men
Bitcoin Surges Toward $80,000 as Short Squeeze and ETF Inflows Ignite Crypto Rally
Prince Harry and Co-Claimants Ordered to Pay £9.5 Million Toward Daily Mail Publisher’s Legal Costs
Prince Harry and Meghan Markle Reportedly Plan Return to Britain With Their Children
UK Court Ruling Threatens Deportation Plans for Potential Trafficking Victims to Albania
Kemi Badenoch Presses UK Government for Decisions on Rosebank and Jackdaw Oil Fields
UK Foreign Affairs Committee Chair Calls for Ban on Goods from Occupied West Bank
Andy Burnham Government to Place Civil Servants Directly in English Mayoral Offices
Met Office Warns Major El Niño Could Bring Stormier, Wetter Autumn to UK
UK Economy Gains Unexpected Momentum Ahead of Andy Burnham Government’s First Budget
Twenty-Nine US States Take Meta to Trial Over Alleged Child Addiction on Instagram and Facebook
Former Scottish National Party Executive Peter Murrell Jailed for Five Years Over £400,000 Embezzlement
Moderna and Merck's Personalized Cancer Vaccine Succeeds in Historic Late-Stage Melanoma Trial
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Royal Navy to Accelerate DragonFire Laser Deployment Against Growing Drone Threat
Northern Ireland Approves Five Hundred Million Pound Belfast Harbour Expansion
Great British Railways Takes Full Control of Avanti West Coast as Rail Nationalisation Reaches Final Stage
UK AI Safety Institute Calls for Mandatory Security Audits of Advanced AI Models
Scotland Secures Three Billion Pounds for Floating Offshore Wind Hub in Aberdeen
Government Overrides Local Councils to Approve Green Belt Housing Across Southern England
UK and EU Move Toward Mutual Recognition of Food Standards to Ease Cross-Channel Trade
Government Plans Multibillion-Pound Private Healthcare Expansion to Cut NHS Surgical Backlogs
Bank of England Signals Faster Rate Cuts as Inflation Falls Below the Two Percent Target
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
Moderna Shares Surge After Positive Personalized Skin Cancer Trial Results
UK Markets Watch US National Debt Surpass Forty Trillion Dollars
UK Broadcasters Urge Government to Invest in Digital Participation and Broadband
CVC Capital Partners and Standard Life Launch Two Billion Pound Pension Risk Transfer Venture
UK Private Sector Productivity Growth Accelerates in Second Quarter
UK Foreign Secretary Ed Miliband Condemns Israeli E1 Settlement Tender
UK Watchdog Investigates Trainline, Virgin Atlantic and RED Driving School Over Hidden Fees
Prince Harry and Meghan Markle Plan Move to Private Home Outside London
×