Wall Street week ahead: Focus on US GDP data, earnings from Microsoft, Alphabet, Meta Platforms, Tesla
ALSO READ: ‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets Wrap April 25 (Thursday) will see the release of the US GDP (gross domestic product) data for the first quarter. On April 26 (Friday), data on PCE index will be unveiled. Following companies are due to report quarterly earnings in the week ahead— Verizon, Truist, Albertsons Companies, Visa, Tesla, PepsiCo, Texas Instruments, Philip Morris International, UPS, Lockheed Martin, Mattel, General Motors, Meta Platforms, IBM, AT&T, Boeing, Chipotle, General Dynamics, Hilton Worldwide, Ford Motor, Microsoft, Alphabet, Merck, Caterpillar, Comcast, Intel, Altria Group, TotalEnergies, Exxon Mobil, AbbVie, Chevron, and Colgate-Palmolive.
US stocks closed mixed on Friday. The Dow Jones Industrial Average rose 211.02 points, or 0.56 per cent, to 37,986.40, the S&P 500 lost 43.89 points, or 0.88 per cent, to 4,967.23 and the Nasdaq Composite lost 319.49 points, or 2.05 per cent, to 15,282.01. Last week, top Fed officials had said that the central bank could hold interest rates at their high level for a while.
High rates hurt prices for all kinds of investments. The yield on the 10-year Treasury eased to 4.62 per cent on Friday from 4.64 per cent on Thursday. The US dollar fell to 154.60 yen from 154.61 Japanese yen.
The euro rose to $1.0650 from $1.0645. Benchmark US crude oil for May delivery rose 41 cents to $83.14 per barrel on Friday. Brent crude for June delivery added 18 cents to $87.29 per barrel.
Gold for June delivery gained $15.80 to $2,413.80 per ounce. Silver for May delivery rose 46 cents to $28.84 per ounce. Milestone Alert!
Livemint tops charts as the fastest growing news website in the world
