5 Things to Know Before the Stock Market Opens [Video]

Earnings season kicks off for the Magnificent Seven tech giants that have dominated stock market activity, with Tesla (TSLA) set to report results after the closing bell, and investors are closely watching to see if robotaxis or a cheaper car model will mark the electric vehicle maker’s future growth; General Motors (GM) shares are rising after an earnings beat and guidance lift; PepsiCo (PEP) posts an earnings beat despite a Quaker Foods recall; Apple’s (AAPL) China iPhone sales plunge 19% in the first quarter; and the U.S. Federal Trade Commission (FTC) files a lawsuit to prevent luxury giant Tapestry (TPR) from buying rival Capri Holdings (CPRI) in an $8.5 billion deal, citing worries about a decline in competition in the “accessible luxury” handbags market. U.S. stock futures are rising, while gold prices are falling and trading around $2,310 an ounce as fears of a broader …