🍿 WEEKLY MARKET REPORT 🍿
💣Tuesday: JOLTs, Consumer Confidence; $V $UPS $KO $SBUX $PYPL $SNAP $PFE Earnings
💣Wednesday: ADP Payrolls, Q1 GDP, Employment Cost Index, PCE Inflation, Pending Home Sales; $MSFT $META $QCOM $HOOD $CAT Earnings 🔴
💣Thursday: Jobless Claims, ISM Mfg. PMI, Vehicle Sales; $AAPL $AMZN $LLY $MCD $MA $RDDT Earnings
💣Friday: Jobs Report; $XOM $CVX Earnings
- Asian stocks rose to the highest level in a month on expectations President Donald Trump will ease the impact of his auto tariffs, boosting hopes for further dialing down of trade tensions.
- A five-day rally in US stocks, the longest advance since November, faces a significant test this week amid US data from jobs to inflation and economic growth
-The S&P 500 ended a volatile session nearly flat yesterday, pressured by megacaps as investors awaited key economic data and earnings from major U.S. companies
- This week is set to be a very busy week packed full of key earnings and economic data.⚠️
It is the peak of the earnings season with over a third of the companies in the S&P 500 set to report including the remainder of the Mag 7 ex-NVDA. It will also be a very heavy week of economic data including Q1 GDP, PCE, ISM Manufacturing and labor market.
- Risks are high that the global economy will slip into recession this year, according to a majority of economists in a Reuters poll, in which scores said U.S. President Donald Trump's tariffs have damaged business sentiment.
