Investors are gearing up for a busy week of earnings releases and economic data, with major companies like Amazon and Apple scheduled to report their first-quarter results. The Fed meeting and the jobs report are also important events to watch this week.
This week marks a busy one for earnings releases, with over 170 S&P 500 companies set to report. Positive earnings reports will be crucial in driving the market higher, as valuations near the upper end of their 20-year range.
Heading into Monday’s trades, equity indexes were trending higher, setting a positive tone for the week ahead. Commodities, bond markets, and cryptocurrencies also saw some movement on Monday morning, with West Texas Intermediate crude oil and Brent crude both seeing slight declines while gold prices dipped slightly. The 10-year Treasury yield edged lower, and Bitcoin experienced a minor decrease in value.
Despite these developments, US stocks gained ground on Monday, building upon last week’s solid performance. With so much happening this week, it’s shaping up to be an eventful one for the markets. Investors will be closely monitoring earnings reports from companies like Amazon and Apple, as well as economic indicators such as the Fed meeting and the jobs report.