US benchmarks mixed ahead of big tech earnings

1.35pm: US stocks mixed after lunch US benchmarks were mixed just after lunch as traders await big tech earnings from the US, starting with Tesla (NASDAQ:TSLA) after the bell in New York. On Wall Street, the Dow Jones Industrial Average lost 31 points at 34,012, while the S&P 500 gained eight points , at 4,188. The Nasdaq added around 101 points at 14,118. "Markets remain quiet ahead of Tesla earnings tonight, which mark the shift to reports from a vital part of the market – the big tech names," noted Chris Beauchamp, chief market analyst at IG. "As such a large part of the S&P 500, the data from FANG stocks could prove vital to the durability of the current bullishness in stocks; as the first mover, Tesla has the burden of lots of attention and will set the tone for the days to come." Earlier the UK's premier share index FTSE 100 closed up over 24 points, or 0.35%, at 6,963. Expected revenue growth this year:⁰⁰Coinbase: 284% Tesla: 58% Square: 51% Pinterest: 49% Airbnb: 42% Snapchat: 39% Shopify: 38% Palantir: 34% Uber: 33% Twitter: 29% Facebook: 26% Doordash: 26% Etsy: 25%⁰Bumble: 24%⁰Amazon: 23% PayPal: 20% (based on average estimates) — Jon Erlichman (@JonErlichman) April 26, 2021 10.05am: Proactive North America headlines: FPX Nickel Corp (CVE:FPX) launches metallurgical pilot test program at Baptiste nickel project in British Columbia ESE Entertainment Inc (CVE:ESE) (OTCQB:ENTEF) appoints former Rogers Media president Rick Brace to its board of directors Newrange Gold Corp (CVE:NRG) (OTCMKTS:NRGOF) (FRA:X6C) selects drill targets from IP survey for North Birch Project in Ontario Fortitude Gold Corp (OTCQB:FTCO) announces exploration drill results showing mineralization at Scarlet in Nevada Safe-T Group Ltd (NASDAQ:SEFT) (TASE:SFET) says its ZoneZero cybersecurity solution approved for federal government purchase by US General Services Administration PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1)  to sell more than 2,000 of its products online at Hudson's Bay Marketplace American Battery Metals Corporation (OTCQB:ABML) enters into $15M registered direct offering with single institutional investor BioPorto A/S (CPH:BIOPOR) (FRA:2P4) launches search for new CFO following Ole Larsen's resignation Neo Lithium Corp (CVE:NLC) (OTCQX:NTTHF) (FRA:NE2) expands and optimizes pilot ponds at its 3Q lithium brine project in Argentina Gatling Exploration Inc (CVE:GTR) (OTCQB:GATGF) CEO outlines successful first quarter for company and notes recent M&A in the Abitibi PsyBio Therapeutics Corp (CVE:PSYB) (FRA:PSYB) and Miami University broaden partnership agreement to advance its neuropsychiatric drug discovery platform DGTL Holdings Hashoff subsidiary inks software service deal with the world’s third-largest alcohol maker Algernon Pharmaceuticals Inc (CSE:AGN) (FRA:AGW) (OTCQB:AGNPF) files end of Phase 2 meeting request with FDA for its coronavirus trial of Ifenprodil Canada Silver Cobalt Works Inc (CVE:CCW) (OTCMKTS:CCWOF) (FRA:4T9B) hits high-grade silver with drilling at second vein at Robinson Zone project Telson Mining Corporation (CVE:TSN) (OTCMKTS:SOHFF) (FRA:TSGN) marks major step with closing of Campo Morado royalty purchase; construction accelerated at Tahuehueto Victory Square Technologies (CSE:VST) (OTCMKTS:VSQTF) (FRA:6F6) inks binding LOI to invest in renewable energy company Stardust Solar Arizona Silver Exploration Inc (CVE:AZS) (OTCMTS:AZASF) (FRA:A9J) continues to hit good gold and silver values in Philadelphia project drilling Loop Insights Inc (CVE:MTRX) OTCQB:RACMF) venue management platform enjoys successful deployment at PGA tournament in Las Vegas Numinus Wellness Inc (CVE:NUMI) (OTCMKTS:LKYSF) (FRA:LR23) announces Phase 1 clinical trial of Psilocybin extraction 9.37am: Wall Street starts positively Wall Street managed to open on the front foot on Monday as traders awaited the start of a busy week for company earnings. In the first minutes of trading, the Dow Jones Industrial Average was up 0.17% at 34,101 while the S&P 500 climbed 0.2% to 4,188 and the Nasdaq rose 0.26% to 14,052. Investors may be hoping to get into the market ahead of earnings from Tesla, which are due after today’s close and will be followed by numbers from Apple, Google parent Alphabet, Facebook, Microsoft and Amazon later this week. 8:10am: Wall Street heads for mixed open The main indices on Wall Street are set to open mostly lower on Monday morning as traders await results from electric car maker Tesla Inc (NASDAQ:TSLA). The Dow Jones Industrial Average, having only 30 shares, is more susceptible to a couple of rogue gainers and is expected to open 35 points higher at 34,078 but the broader-based S&P 500 is tipped to fall 4 points to 4,176 while the tech-heavy Nasdaq 100 is seen sliding 49 points to 13,892 at the start of what is a big week for tech company results. Tesla, Google’s parent company Alphabet Inc (NASDAQ:GOOG) and Apple Inc (NASDAQ:AAPL) are all set to update the market this week with Tesla getting the ball rolling this afternoon after the market shuts. “Tesla’s stock price is little changed since the start of 2021, but that stat is misleading. Worth about $736 at the time of writing, the shares have traded as high as $900 and below $600 over the past few months, demonstrating a level of volatility that investors have grown accustomed to,2 saidLee Wild, the head of equity strategy at interactive investor. “There are multiple drivers of the share price, not least growing optimism around the electric vehicle revolution, particularly in China, but also globally as governments accelerate the shift away from fossil fuels. US president Joe Biden’s green agenda should provide a significant boost to Tesla. “We already know Tesla achieved record production in Q1, and further interest in the Model Y in China should mean a massive increase in sales in 2021. Assuming no more major pandemic disruption, expectations are for Tesla to far exceed 800,000 deliveries this year, up from around 500,000 in 2020. Tesla could confirm expectations of at least 50% growth in annual deliveries alongside Q1 results. “Tesla must keep up its rapid progress, even as competition intensifies, to even begin to justify the current valuation. The shares are already priced for perfection, so any slip-up will be punished,” was the Wild assertion. On the macro front, US durable goods orders numbers for March are out soon. “Following an unexpected decline in February, the headline orders are expected to rise 2.5% during the reported month. Core durable goods orders, which exclude transportation items and tend to have a broader impact than the volatile headline figures, are anticipated to have increased by 1.6% in March,” according to Fxstreet.com. Four things to watch for on Monday: Companies in the earnings diary today include Brazilian metal miner Vale SA (NYSE:VALE), Dutch computer chip maker NXP Semiconductors NV (NASDAQ:NXPI) and software firm Cadence Design Systems Inc (NASDAQ:CDNS) Shares in Moderna Inc (NASDAQ:MRNA) could draw attention following news the company’s COVID-19 vaccine will be reviewed by the WHO for emergency listing on April 30, potentially speeding up its approval progress through national regulatory bodies Crypto market will also be in focus after Bitcoin rebounded back above US$50,000 after briefly hitting an eight-week low on Sunday night On the macro front, investors will be looking at the US durable goods orders for March as well as the latest Dallas Fed manufacturing index for April