Caroline Woods brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading on Tuesday, April 23.
Full Video Transcript Below:
Caroline Woods: I’m Caroline Woods reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Stocks kicked off the week on a positive note, with the Dow, S&P, and Nasdaq all finishing Monday’s trading session in the green.
Investors are looking ahead to a big Tuesday on Wall Street with big names like Tesla, PepsiCo, General Motors and Visa releasing earnings.
There is also some key economic data on deck – first quarter GDP is out Thursday and the Fed’s favorite inflation gauge is out Friday.
The central bank will make another decision on interest rates April 30.
In other news - Taylor Swift is at it again. The music star dropped her 11th studio album on Friday April 19th, and it became the most-streamed album in a single day on Spotify, Apple Music, and Amazon Music.
Swift’s “The Tortured Poet’s Department” garnered 300 million streams in just 12 hours on Spotify alone. Swift broke Spotify’s previous record held by, surprise, Taylor Swift.
Of the album, Apple music said quote, “the album broke the record for biggest pop album of all time by first-day streams,” and Amazon Music said it took only three days for it to become the platform’s most-streamed album worldwide in its first week.
Taylor Swift and breaking records have become almost synonymous over the past couple of years. Her Era’s tour became the highest-grossing tour off all-time, and according to movie theater chain AMC, Swift’s 2023 eras tour film became highest-grossing documentary or concert film of all-time. Fans streamed Taylor Swift’s music more than 26 billion times worldwide last year, the most of any artist on Spotify.
That will do it for your daily briefing. I’m Caroline Woods with TheStreet.
