Results for: Earnings Season

The U.S. stock market is poised to end a six-day losing streak on Monday, boosted by positive risk sentiment and easing geopolitical tensions. Major indices traded higher at noon in New York, with modest gains anticipated ahead of a week filled with crucial earnings reports from Visa, Tesla, Meta, Microsoft, and Alphabet. Gold prices plunged 2.5%, marking their most significant single-day decline since June 2022, while silver tumbled 5% in its worst daily performance since October 2022. Bitcoin rose above $66,000, on track for its highest close in over a week.

CNBC’s Deirdre Bosa provides insights into the upcoming mega cap tech earnings season, highlighting key metrics, analyst expectations, and potential market impact.

As the busiest week of first quarter earnings results gets underway, several stocks are expected to experience notable post-earnings movements. Investors should pay attention to companies with high implied moves based on options market expectations. Snap, JetBlue, American Airlines, and Spotify are among the names to watch.

US stock futures rose on Monday, pointing to a potential market recovery after a recent selloff. Investors anticipate a series of earnings reports from tech giants, including members of the “Magnificent Seven” (Apple, Amazon, Tesla, Nvidia, Microsoft, Alphabet, and Meta). Tesla’s earnings will be closely watched after a challenging start to the year, while Google’s parent company, Alphabet, has outperformed due to its strong advertising business and artificial intelligence focus. Amazon, Microsoft, and Meta are also reporting earnings this week, with Apple and Nvidia expected to follow in May. Economic data releases include new-homes sales and weekly jobless claims.