After beginning in the red, wall Street is heading higher. All three leading averages (^DJI, ^GSPC, ^IXIC) are posting strong gains as investors look past the fall in oil prices (CLK16.NYM) after leading petroleum exporters did not reach an understanding on the weekend to immobilize result.
Morgan Stanley (MS) reported earnings that beat estimates for the first quarter, but sales missed predictions.
PepsiCo (PEP) delivered better-than-anticipated earnings per share for the first quarter, but revenue was a tad shy of estimates as sales dropped 3% from a year past as a result of a solid dollar and poor interest in pop.
Gain soared 83% year-over-year thanks to strong interest in toys on the basis of the Hollywood hit “Star Wars: The Force Awakens” and Disney (DIS) Princess dolls.
Netflix (NFLX) is set to report first quarter results following the close of trading today. Netflix continues to be fighting to grow its subscriber base in the U.S. and has been appearing to foster growth by growing abroad