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The week ahead for investors April 29, 2024

by 29. Apr 2024 @ 4:46The week ahead

Snapshot: The Upcoming Week’s Highlights

This week, market watchers are set for a pivotal Federal Reserve decision on interest rates, expected earnings from major companies like Apple and Amazon, and the latest U.S. jobs report. With the Fed likely to hold rates steady, all eyes will be on Chair Jerome Powell’s remarks for future rate clues. Meanwhile, tech giants such as Apple and Amazon are poised to release their earnings, providing key insights into the tech sector’s health amidst economic uncertainties.

 

Key Takeaways:

  • The Federal Reserve’s rate decision will be a focal point, with expectations for rates to remain unchanged.
  • Key earnings reports expected from tech giants like Apple and Amazon, as well as other major companies such as AMD and McDonald’s.
  • The U.S. jobs report on Friday will provide crucial data on employment trends and labor market health.

Detailed Weekly Breakdown

Monday, April 29

  • Dallas Fed Texas Manufacturing Outlook Survey.
  • Earnings reports from NXP Semiconductors, ON Semiconductor, MicroStrategy, Paramount Global, and Domino’s Pizza.

Tuesday, April 30

  • Federal Open Market Committee (FOMC) meeting begins.
  • Consumer confidence and S&P Case-Shiller Home Price Index for February.
  • Earnings from Amazon, Coca-Cola, Marathon Petroleum, Eli Lilly, AMD, McDonald’s, Starbucks, Stellantis, PayPal, and GE HealthCare Technologies.

Wednesday, May 1

  • ADP employment report and ISM manufacturing for April, alongside construction spending for March.
  • Federal Reserve interest rate decision followed by Fed Chair Jerome Powell’s press conference.
  • Earnings from Mastercard, Pfizer, CVS Health, Qualcomm, Marriott, Estee Lauder, DoorDash, and Yum! Brands.

Thursday, May 2

  • Initial jobless claims, U.S. trade deficit for March, factory orders for March, and U.S. productivity for the first quarter.
  • Earnings from Apple, ConocoPhillips, Novo Nordisk, Shell, Amgen, and Booking Holdings.

Friday, May 3

  • U.S. employment report for April and ISM services for April.
  • Earnings from Hershey and CBRE Group.

Saturday, May 4

  • Berkshire Hathaway annual shareholder meeting.

Deeper Insight

Deeper Insights: Significant Events of the Week

This week, the Federal Reserve’s decision will take center stage. While no changes in rates are anticipated, Jerome Powell’s comments are keenly awaited for any hints of future cuts. On the earnings front, tech giants like Apple and Amazon are expected to reflect the current state of the tech industry amidst global economic shifts. The U.S. jobs report will cap the week, potentially influencing Fed decisions in the near term based on job additions and unemployment rates.

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