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Business

S&P 500 Reaches All-Time Highs as U.S. Stock Futures Trade Mixed

The S&P 500 Index has reached all-time highs, with hopes of artificial intelligence (AI) and a rate cut solidifying this significant milestone. As U.S. stock futures trade mixed on Friday, several stocks are poised to capture investor attention.

The Travelers Companies, Inc. (TRV) is expected to report quarterly earnings at $5.07 per share on revenue of $9.99 billion before the opening bell. PPG Industries, Inc. (PPG) posted better-than-expected earnings for its fourth quarter and provided guidance for the first quarter and fiscal year 2024. Schlumberger Limited (SLB) is anticipated to earn 84 cents per share on revenue of $8.96 billion for the latest quarter, with AST SpaceMobile Inc announcing a $100 million offering of common stock and a strategic investment from AT&T Inc, Alphabet Inc, and Vodafone. State Street Corporation (STT) is also expected to post quarterly earnings at $1.83 per share on revenue of $2.95 billion before the opening bell.

For investors seeking potential gains in the market, Stock Expert Gianni Di Poce has shared three hot stock ideas for 2024. With U.S. stock futures trading mixed, the focus is on the performance of key companies such as The Travelers Companies, Inc., PPG Industries, Inc., Schlumberger Limited, AST SpaceMobile Inc, and State Street Corporation.

Stay updated with the latest premarket coverage and earnings reports as these companies gear up to make significant announcements that could impact market movements.

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