On Wall Street next week, stock market investors will focus on first quarter (Q1) US GDP data, the PCE (personal consumption expenditures) index, the Federal Reserve’s recommended inflation measure, and Microsoft’s quarterly results. will be concentrated on. Alphabet, Metaplatform, Tesla.
Market participants will also be keeping an eye on the Middle East conflict and oil prices.
economic events
On Tuesday, April 23rd, the S&P Flash US Services PMI and S&P Flash US Manufacturing PMI for April will be released.
New home sales results for March will also be announced on the same day.
Also read: “Mag Seven” will collapse before next week’s results: the market has come full circle
First quarter US GDP (gross domestic product) statistics will be released on April 25th (Thursday).
PCE index data will be announced on Friday, April 26th.
revenue
The following companies are scheduled to report quarterly earnings next week – Verizon, Truist, Albertsons Companies, Visa, Tesla, PepsiCo, Texas Instruments, Philip Morris International, UPS, Lockheed Martin, Mattel, General Motors, Meta Platforms, IBM, AT&T, Boeing, Chipotle, General Dynamics, Hilton Worldwide, Ford Motor Co., Microsoft, Alphabet, Merck, Caterpillar, Comcast, Intel, Altria Group, Total Energy, Exxon Mobil, AbbVie, Chevron, Colgate-Palmolive.
US market last week
US stock markets closed mixed on Friday. The Dow Jones Industrial Average rose 211.02 points, or 0.56%, to 37,986.40, the S&P 500 index fell 43.89 points, or 0.88%, to 4,967.23, and the Nasdaq Composite Index fell 319.49 points, or 2.05%, to 15,282.01.
Federal Reserve officials said last week that the central bank could keep interest rates high for some time.
High interest rates reduce the price of all types of investments.
The yield on the 10-year Treasury note was 4.62% on Friday, down from 4.64% on Thursday.
The dollar fell to 154.60 yen from 154.61 yen. The euro rose to $1.0650 from $1.0645.
The price of benchmark U.S. crude oil for May delivery rose 41 cents on Friday to $83.14 a barrel. Brent crude for June delivery added 18 cents to $87.29 a barrel.
Gold for June delivery rose $15.80 to $2,413.80 an ounce. Silver for May delivery rose 46 cents to $28.84 an ounce.
Unlock a world of benefits! From insightful newsletters to real-time inventory tracking, breaking news and personalized newsfeeds, it’s all here, just a click away. Log in here!
