The Market Brief
Hey team. Wall Street is preparing for its busiest week of corporate earnings reports in the U.S., alongside a slew of economic reports that are likely to cause significant market volatility.
Let’s re-cap Monday’s session and see what’s next!
Impact Snapshot
🟥 Consumer Confidence - 10:00am
🟥 JOLTS Job Openings - 10:00am
Key Earnings after close: GOOGL 0.00%↑ AMD 0.00%↑ V 0.00%↑
Macro Viewpoint
U.S. stock index futures held steady on Tuesday as investors evaluated a range of corporate earnings, with particular attention on Alphabet, Google's parent company, set to report its results later in the day.
This week kicks off the busiest stretch for S&P 500 earnings, with attention focused on quarterly reports from five of the "Magnificent Seven" leading stocks.
Companies representing nearly 42% of the S&P 500’s market capitalisation are set to report this week, including five of the seven tech megacaps that have driven this year’s rally.
Investors are also bracing for a raft of key economic data that will inform the Federal Reserve’s next interest-rate decision, as well as the US presidential election that is now just a week away.
