The market on Monday saw a decline in US stocks as investors braced for a week full of earnings reports from some of the market’s biggest players.
Four of the “Magnificent 7” tech giants were in the spotlight, with Tesla, Meta, and Microsoft releasing their results on Wednesday, followed by Apple’s highly anticipated report on Thursday.
The results of these reports could set the course for AI-fueled stock gains and shape investor confidence going forward.
Aside from tech stocks, other big companies such as Exxon Mobil, Boeing, and Starbucks will also release their earnings reports, giving investors a broader picture of how different industries are performing.
Meanwhile, investors will also be looking at key economic data this week, with the most anticipated being the Federal Reserve’s (Fed) meeting results early Thursday morning.
Many investors expect interest rates to remain unchanged, which could still have an impact on financial markets.
Meanwhile, on Friday, investors will monitor the PCE price index which measures US inflation.
