The stock market showed a rebound at the close last week recovering from a fall fueled by a massive sell-off in technology stocks after the earnings report.
Last week, the S&P 500 and NASDAQ indexes fell by 0.83% and 2.08% respectively while the DOW JONES rose by 0.75%.
This week, several more earnings reports by giant companies such as Apple, Amazon, Microsoft and Meta will be in focus which are also expected to influence the current sentiment of the global market.
In addition, investors are also looking forward to the results of the FOMC meeting on interest rates and indications for the implementation of interest rate cuts in September.
For this meeting, the Fed is expected to keep interest rates unchanged at 5.50%.
The market will also examine the NFP employment report that will be released on Friday, which is one of the traders' focus data.
The report will also give the Fed an idea of the current situation of the labor sector in America which needs to be adapted to their monetary policy.
