The broader indexes rose ahead of a busy earnings week with a Federal Reserve interest rate decision also looming — and more in Monday’s stock market recap.
About one-third of the companies in the S&P 500 are set to report, making it the biggest week of earnings season so far.
Tech titans Alphabet and Microsoft report Tuesday along with Coca-Cola and General Motors. Ford and Meta report on Wednesday, with consumers favorites Amazon and Apple on Thursday.
Earnings reports aren’t going to be the only drivers of market action this week — investors are also waiting to hear from the Federal Reserve on Wednesday. With inflation still high, the markets expect another 0.75% hike to the central bank’s benchmark interest rate.
We’ll also get reports on gross domestic product on Thursday and consumer sentiment on Friday, which will give us key information about the health of the U.S. economy.
In this morning’s stock market recap video, you’ll learn whether tech and consumer stocks are moving up… the most probable scenario for the bond market over the next few sessions… what the Federal Reserve is likely to report this week and how it will impact stocks… plus which sector to avoid right now.
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