Tesla’s Trillion, Facebook Buyback, Microsoft and Alphabet – What’s Moving Markets By Investing.com – Investing.com

Tesla’s Trillion, Facebook Buyback, Microsoft and Alphabet – What’s Moving Markets By Investing.com – Investing.com

By Geoffrey Smith 

Investing.com -- Tesla (NASDAQ:)'s market value hit $1 trillion after a landmark contract from rental firm Hertz Global. Facebook (NASDAQ:) cushioned the blow of softer revenue growth with a big increase in its buyback program. Microsoft (NASDAQ:) and Google parent Alphabet (NASDAQ:) are set to report earnings after the close, while General Electric (NYSE:) and UPS get the earnings ball rolling ahead of the open. Janet Yellen and Liu He struggle to make headway on trade issues and the American Petroleum Institute updates its estimates for oil stocks as prices hover near seven-year highs. Here's what you need to know in financial markets on Tuesday, 26th October. 

1. Tesla joins the trillion-dollar club