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Here's what investors are watching during the week starting Monday, April 28.
"Magnificent Seven" earnings will continue, with Microsoft (MSFT), Meta (META), Apple (AAPL), and Amazon (AMZN) set to release quarterly results throughout the week.
The market will receive fresh economic data on Wednesday, when Personal Consumption Expenditure (PCE) data will be released, and on Friday, when the newest jobs report will be released.
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Time now for what to watch next week. Starting off on earnings. It's going to be a big week with four of the magnificent seven companies reporting earnings. That's Microsoft, meta, Apple, and Amazon. Apple will announce results for the second quarter on Thursday. It's been a rocky quarter for Apple as the company navigates the tariff landscape. Although, it did of course receive some relief from President Trump's tariffs from the exclusion of smartphones, computers and other electronics. Analysts are still expecting Apple supply chain to dominate the earnings call. Moving over to the economy, we'll get some fresh inflation data on Wednesday with personal consumption expenditures or PCE. Economists forecast the Fed's preferred inflation gauge will slow in March to 0% for total PCE and 0.1% for core PCE on a month-over-month basis. And finally, April's full jobs report coming out on Friday. 130,000 non-farm payrolls. That's expected to be added, while unemployment and hourly wages could hold steady at 4.2% and 0.3%, respectively.