Nasdaq up 1.4% (Il Sole 24 Ore Radiocor) - New York, 23 Apr - US shares were higher in afternoon trade buoyed by solid gains in the tech sector as investors steeled for Tesla earnings.

With geopolitical tensions on the wane, the focus is now firmly on corporate America to see how businesses are responding to fallout from high interest rates.

Tesla, due to release its latest update after market close, has had a rocky start to the year amid disappointing delivery figures and price cuts in key markets including the US and China. Investors will be keen to see how the electric vehicle maker is faring as competition hots up.

Tesla is the first of the so-called Magnificent Seven tech names to report earnings and tonight's serving will set the stage for others to come this week including Microsoft, Meta and Alphabet.

Shares in GM were up more than 2% after the big three carmaker raised its profit outlook earlier today following strong first quarter results while PepsiCo fell 2.2% after its sales beat expectations but earnings disappointed.

Spotify shares soared 16.6% after the company swung to a profit in the first three months.

At 1725 GMT, the Dow Jones was up 224.75 points, or 0.59%, at 38,464.73 points.

The S&P 500 was 53.01 points, or 1.06%, higher at 5,063.61 points.

The Nasdaq was up 216.88 points, or 1.40%, at 15,668.18 points.

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(RADIOCOR) 23-04-24 19:36:13 (0850) 5 NNNN