2/5/2019, 10:38 AM (Source: TeleTrader)
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Wall Street slightly higher premarket after earnings

United States stocks rose in premarket trading on Tuesday as investors digested the latest corporate earnings and yesterday's two-month high created by a rally among tech stocks. Earlier, Google's parent company, Alphabet Inc. announced its revenue for the last three months of 2018 amounted to $39.2 billion, an increase of 22% compared to the same period last year. Market watchers are anticipating earning reports by Walt Disney Co. and Snap Inc due for release after Wall Street closes for trading today.

The British multinational oil and gas company BP announced today its full-year earnings more than doubled in 2018 compared to the previous year, with its underlying replacement cost profit amounting to $12.7 billion.

The Dow Jones gained 0.16% premarket, the Nasdaq 100 fell 0.25% and the S&P 500 was flat, adding 0.01% in premarket trade. The euro was down 0.12% against the dollar, going for 1.1421 at 7:35 am ET.

Breaking the News / MA