The market saw gains last week with the S&P 500 and the Nasdaq Composite rising significantly. This week is expected to be filled with major corporate earnings reports, labor data releases, and a Federal Reserve meeting. Over 45% of S&P 500-listed firms have reported their earnings, with the majority surpassing expectations. This week, tech giants such as Apple and Amazon, and fast-food chain McDonald’s, are among the companies set to post their results. Paramount Global is reportedly considering removing CEO Bob Bakish from his role due to losing the confidence of the controlling shareholder Shari Redstone.
Advertising companies such as Meta, Snap, and Google have all reported better-than-expected first-quarter earnings results, with improvements in their ad businesses. This rebound in the advertising sector comes after a challenging period in 2022 and 2023 marked by layoffs and cost cuts. The broader advertising environment is showing signs of strengthening, according to Citi analysts, citing success at Google Search and YouTube. Tesla has hit a milestone in China with the country removing restrictions on its cars for passing data security requirements, allowing the potential rollout of its whole self-driving package in the market.
Last week, the S&P 500 and the Nasdaq Composite had their best performances since November, while the Dow saw more modest gains. This week will see a busy earnings schedule, with approximately 160 S&P 500 companies expected to report their results, including big names like Apple, Amazon, and McDonald’s. Paramount Global is reportedly considering removing CEO Bob Bakish from his role, potentially before upcoming negotiations with cable company Charter Communications. Advertising companies like Meta, Snap, and Google have reported strong first-quarter earnings, indicating a resurgence in the advertising sector.
Investors can expect key labor data releases, major corporate earnings reports, and a Federal Reserve meeting this week. Earnings reports from over 45% of S&P 500-listed firms have shown positive results, with the majority surpassing expectations. Tech giants like Apple and Amazon, as well as fast-food chain McDonald’s, are among the companies set to report their results this week. Paramount Global is reportedly considering removing CEO Bob Bakish from his role due to a loss of confidence from controlling shareholder Shari Redstone.
Advertising companies like Meta, Snap, and Google have reported strong first-quarter earnings, indicating a turnaround in the advertising sector. This comes after a challenging period in 2022 and 2023, marked by layoffs and cost cuts. The broader advertising environment is showing signs of improvement, with success seen at Google Search and YouTube. Tesla has reached a significant milestone in China, with the removal of restrictions on its cars potentially paving the way for the rollout of its whole self-driving package in the market. CEO Elon Musk’s recent meeting with Chinese Premier Li Qiang has raised expectations for the availability of Tesla’s driver-assistance software in China.
