META - Big Tech Earnings Beats Stymie Q2 2024 Sell-Off

2024-04-30 00:30:00 ET

Summary

• Markets finally turned positive late last week due to better-than-expected results from big tech.
• Focus remains on big tech this week, with all eyes on Amazon and Apple.
• Outlier earnings date alert: The Coca-Cola Company, 3M Corp. and The Hershey Company.
• The second peak week of earnings season continues, with 2,188 companies expected to report.

Positive Earnings Fail to Sway Investors

Last week was another rollercoaster ride for markets as investors digested everything from weaker-than-expected Q1 US GDP and the most recent Personal Consumption Expenditures Price Index (PCEPI) which showed continued inflationary pressures to mixed results from big tech earnings and a falling University of Michigan Consumer Sentiment reading....

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