🚀 NYSE considering 24/7 stock trading

In partnership with

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. The New York Stock Exchange (NYSE) is considering a significant expansion of trading hours to include 24/7 operations for blue-chip stocks, inspired by the continuous trading seen in cryptocurrencies and the surge in retail trading during COVID-19 lockdowns. This consideration follows the example of other major markets, such as US Treasuries and major currencies, which already operate on a 24-hour basis. Some brokers currently facilitate 24-hour trading on weekdays by matching trades internally or using dark pools. The NYSE is conducting a survey with market participants to gather opinions on extending trading to weekends and managing challenges associated with overnight trading, such as staffing and the protection of investors from potential price volatility during these hours. This move could fundamentally change how and when stocks are traded, possibly affecting the dynamics of the traditional trading day.

2. General Motors has raised its financial forecasts for 2024 following a stronger-than-expected performance in the first quarter. The automaker now anticipates adjusted earnings of $12.5 billion to $14.5 billion and free cash flow ranging from $8.5 billion to $10.5 billion. This positive adjustment comes on the heels of a 7.6% increase in quarterly revenue, reaching about $40 billion, and a 26% increase in net income to $2.95 billion. This growth was driven largely by robust sales of high-end pickups like the Chevrolet Colorado and GMC Canyon, as well as entry-level SUVs such as the Chevrolet Trax. Additionally, GM's U.S. inventory grew by 77,000 vehicles—a 17% increase from the end of 2023—contributing further to revenue growth. The company also highlighted that its production of electric vehicles is on the rise, with a target of producing between 200,000 and 300,000 units in 2024.

3. Raise Venture Capital in 2024. Get the course helping top founders raise venture capital. The materials in this course are used by founders pitching a16z, Sequoia, YC and more while raising tens of millions! Get the course now for just $199. *

4. Headlines

   1. Apple is expected to release new iPad’s at its May 7th launch event.

   2. Spotify had a strong Q1 including a decline in spending, after significant criticism for its large expenditures in 2023.

   _{* This is sponsored content.}

The Future of Work Management

Picture a world where workflows are finely tuned, automated to perfection, and seamlessly integrated with your favorite apps. It's not just a platform; it's a revelation—a space where managers gain unparalleled visibility into team processes, ensuring each project is a resounding success. Step into the future of work management with monday.com, where efficiency isn't a goal; it's a given.

From startups to industry giants, monday.com has transformed how teams work. Why not let your team be the next success story?

Start your free trial today

Are you looking to grow your business? Here is how I can help:

📢 Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more.

📱 Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

💸 Promote your product or service to 100,000+ entrepreneurs.

🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital, and more every day.

Onwards and Upwards,

Liam Gill