Wall Street Investors will have a lot of economic data and quarterly results of four of the seven magnificent companies in the week.
Amid uncertainty on the tariff fight between the United States and China, the market participants will closely look at the major economic data including the GDP number for the first quarter, the consumer expenses for the march, the Federal Reserve’s favorite inflation gauge – the individual consumption expenditure (PCE) price index for March, the construction report for April, and the major economic data including jobs data for April.
US President Donald Trump said in an interview published on Friday that tariff talks with China were going on, but Beijing denied any negotiations.
On the earning front, quarters of Apple, Microsoft, Meta platforms, Amazon, Honeywell and PFIZER will attract the attention of traders.
Economic calendar
On April 29 (Tuesday), separate reports on advanced American trade balance in goods for March, S&P Case-Shiller Home Price Index (20 cities) for February, consumer confidence for April and job openings for March will be released.
On 30 April (Wednesday), separate reports on ADP employment for April, GDP for the first quarter (Q1) for the first quarter, Employment Cost for Q1, Chicago Business Barometer (PMI) for April, consumer expenses for March, personal income for March, PCE index for March and the sale of homes for March will be announced.
On 1 May (Thursday), separate report on S&P final manufacturing PMI for April, ISM manufacturing for April and TBA auto sales for April will be unveiled.
On May 2 (Friday), data on US non-form payroll for April, unemployment rate for April, and factory for March will be issued.
Income
The following companies are due to the first quarter earnings report in the week-appropriate management, Ropper technologies, domino pizza, visa, coca-cola, honeywell, fizzle, spotf, Starbucks. Microsoft, Meta Platform, Qualcomm, Caterpillar, Apple, Amazon, Elli Lily, MasterCard, McDonalds, Exon Mobil, Chevron, Signna and Apollo Global Management.
Market last week
On Friday, American stock indices were obtained, which was associated with technology -related shares.
Dow Jones Industrial average 20.10 points, or 0.05%, 40,113.50, S&P 500 increased 40.44 points, or 0.74%, 5,525.21 and Nasdaq Composite to 216.90 points or 1.26%, 17,382.94.
The US dollar increased by 0.67% against the yen at 143.555, while the euro fell 0.11% to $ 1.1377.
The yield on benchmark US 10-year-old notes fell from 4.305%to 4.268%to 4.268%.
