As the US stock market continues its upward trend, investors are eagerly anticipating the upcoming earnings season. This week, roughly a third of S&P 500 companies will report their first-quarter results, totaling over 170 earnings reports between now and Friday.
Earnings will play a critical role in determining market direction as valuations remain elevated. Key earnings reports to watch include Amazon’s results on Tuesday and Apple’s report on Thursday, both of which will be released after market close.
In addition to earnings, investors are also looking forward to several economic events this week. The Federal Reserve will hold its FOMC meeting on Wednesday, while the jobs report for April will be released on Friday. Analysts project an addition of 250,000 jobs to the economy, a slight decrease from the robust figure in March.
Amidst all these developments, US indexes showed positive movements in early Monday trading. On the commodities market, West Texas Intermediate and Brent crude oil prices declined slightly, while gold prices edged lower. The 10-year Treasury yield also saw a modest decrease. Bitcoin prices dipped slightly as well.
The markets are buzzing with activity as investors keep a close watch on earnings, economic data, and various other developments that could impact their portfolios and investments decisions moving forward.
