All three of the major indices (^DJI, ^GSPC, ^IXIC) opened slightly lower on Tuesday. Several of the biggest names in tech report their quarterly results this week, with Alphabet (GOOGL, GOOG) and Microsoft (MSFT) reporting after the bell on Tuesday. Yahoo Finance's Jared Blikre breaks down the market action and explains why stocks could be on track for a good year. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich
All three of the major indices (^DJI, ^GSPC, ^IXIC) opened slightly lower on Tuesday. Several of the biggest names in tech report their quarterly results this week, with Alphabet (GOOGL, GOOG) and Microsoft (MSFT) reporting after the bell on Tuesday. Yahoo Finance's Jared Blikre breaks down the market action and explains why stocks could be on track for a good year.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich
Associated Press Finance
Italian regulators said they told OpenAI that its ChatGPT artificial intelligence chatbot has violated European Union’s stringent data privacy rules. The country's data protection authority, known as Garante, said Monday that it notified San Francisco-based OpenAI of breaches of the EU rules, known as General Data Protection Regulation. The watchdog started investigating ChatGPT last year, when it temporarily banned within Italy the chatbot that can produce text, images and sound in response to users' questions.
Reuters
A strong margin recovery for consumer goods giants could face a setback as easing input costs after several quarters of biting inflation are offset by cautious customer spending even as product prices start to decline. With pandemic-era savings getting depleted and slow wage growth, customers, who had initially splurged and absorbed the price increases by the consumer goods companies, have tightened their purse strings. Margins at Procter & Gamble and Kimberly-Clark could be lower in the coming quarters if consumers continue to remain hesitant about spending, analysts and investors said.
Barrons.com
Stocks edged lower on Tuesday as corporate earnings were in full gear, with Microsoft and Google-parent Alphabet next on tap. The Dow Jones Industrial Average and the S&P 500 were flat – both closed at record levels on Monday.
Bloomberg
(Bloomberg) -- For about a year, investors have bid up megacap tech shares on the theory that their exposure to artificial intelligence will usher in a new era of elevated growth and efficiency. Now the companies need to prove it.Most Read from BloombergMusk Says First Neuralink Patient Received Implant in BrainTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk From $450 Million Dual
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