On the evening of the 27th Beijing time, US stocks opened lower on Tuesday. A number of large technology companies are about to report results. The market is still concerned about the spread of Delta mutant strains and its economic impact. The Federal Reserve will hold its monetary policy meeting today, and the results of the meeting will be announced tomorrow.

U. S. stocks closed higher on Monday, with all three major indexes hitting intraday and closing highs.

AAPL (AAPL), Google's parent company Alphabet (GOOGL) and MSFT (MSFT), the three tech giants, and some S & P 500 weights will report results after Tuesday's close.

Combined earnings per share in the s & p 500 are expected to grow by more than 74% in the second quarter, the highest since 2009, according to FactSet.

Over the past week, major technology companies, including Snap (SNAP), Twitter (TWTR) and Tesla (TSLA), have easily beat expectations, reinforcing optimism about upcoming results.

Victoria Fernandez, chief market strategist at Crossmark Global Investments, said the market is expected to benefit from the results of these companies, some of which have risen a lot this year and may not rebound significantly, but Apple's share price may have changed significantly because the company has been adjusting in the past few months.

Sylvia Jablonski, co-founder and chief investment officer of Defiance ETFs, said: "these companies, such as Google, Microsoft and even Amazon, are promoting cloud-type research and business, which means that big data and 5G will be greatly promoted. I think these companies are even stronger than they were a year ago, and they will continue to grow. "

"have US stocks peaked?" she said. We are still making comparisons with the same period last year during the COVID-19 epidemic. It is estimated that the economy will grow by 8% to 9% year-on-year in this quarter and cool to 8% next quarter. GDP growth this year will be between 7 and 7.5 per cent. Personally, I still like this number. I think the tech companies that reported results this week have 10% room to rise for the rest of the year. And so far, they are really rising slowly, so I think it is still a good opportunity to invest in these companies. "

Investor concerns about the future growth path also continue to linger, especially given the recent surge in the spread of Delta mutants. Economists at Goldman Sachs on Monday downgraded their growth forecasts for the third and fourth quarters on the grounds that a resumption of a slowdown in service sector activity could lead to a sharper-than-expected slowdown.

But other economists are more optimistic about the outlook.

"We don't think economic growth will slow sharply," said Matthew Luzzetti, a senior economist at Deutsche Bank. We believe that consumers will remain robust, and we believe that consumer spending on services will remain robust. "

He added: "there is no doubt that there are worrying aspects of economic growth. There is no doubt that the Delta variant will spread in the coming months and affect economic activity. But at this point, we think it is a downside risk. At least for the rest of the year, our growth outlook is basically forecast to be very strong. "

The Federal Reserve will hold a two-day monetary policy meeting from Tuesday, and a policy statement will be issued on Wednesday afternoon Eastern time, followed by a press conference by Federal Reserve Chairman Colin Powell.

Focus stocks

Tesla reported on Monday that its second-quarter net profit exceeded $1 billion for the first time. The company also said it made a profit of $128 million by selling bitcoin in the six months to June 30, 2021. Tesla said that as of March 31, the market value of the company's bitcoin holdings was US $2.48 billion; as of June 30, the market value of the company's Bitcoin holdings was US $1.47 billion.

JPMorgan Chase expects Apple's "iPhone 14" series of high-end models to be released next year, which may use titanium and other alloys to replace aluminum and stainless steel. If the prediction is correct, this will be the first time Apple has used titanium in its smartphone products.

Intel announced that its factories would start making Qualcomm chips and laid out a roadmap to expand its latest contract manufacturing business, hoping to catch up with competitors such as TSMC and Samsung Electronics by 2025. It is reported that Amazon will also become a new customer in its contract chip business.

Starbucks announced on Tuesday that it would expand its partnership with Nestl é to launch ready-to-drink coffee drinks in Southeast Asia, Oceania and Latin America. In 2018, the two companies signed an agreement authorizing Nestl é to promote Starbucks packaged coffee and food around the world, but the agreement does not include goods and ready-to-drink products sold by Starbucks coffee shops.

UPS Q2 earned $3.05 per share in 2021, compared with a market expectation of $2.82, compared with $2.03 in the same period last year.

GE posted a loss of $0.07 per share in 2021, compared with an expected loss of $0.02, compared with a loss of $0.26 in the same period last year.

3M earned $2.59 per share in 2021, compared with $2.22 in the same period last year.

Raytheon Technology 2021 Q2 earnings per share of $0.68, the market is expected to be $0.93.

MSCI earned $1.99 per share in 2021.

Rio Tinto's Canadian BC Works aluminum smelter began to cut production as a result of a local strike, which is expected to have a significant impact.

Lucid Group closed up more than 10 per cent on its first day of trading yesterday.

Good Future, Gao Tu, Pu Xin Education, New Oriental and other general education stocks continued to rebound before the market.