Stock movers to watch ahead of Wednesday's trading session
The Dow Jones Industrial Average surged over 500 points on Tuesday as investor optimism grew around the ongoing earnings season, setting a positive tone for the next trading session. Major companies reporting earnings Wednesday morning include AT&T, Abbott Laboratories, and Philip Morris, with United Airlines CEO Scott Kirby scheduled to appear on CNBC's "Squawk Box" after the carrier missed estimates and cut its outlook due to fuel costs. Investor Brad Gerstner will also discuss neocloud stocks like CoreWeave, which rose above $62 per share. Following Tuesday's after-hours results, IBM, Meta Platforms, and Tesla are on watch, while SpaceX-related stock gained nearly 8% post-earnings. CoreWeave remains down 51% over 12 months, and United Airlines shares have fallen 30% from their June high.