S&P 500 weekly forecast. Meta and Corporate earnings reports. As positive momentum continued to wane, the S&P 500 and Nasdaq ended lower
S&P 500 FORECAST:
S & P 500 Megacap Tech’s quarterly results will be the focus of attention next week.
In the upcoming days, investors should pay close attention to Microsoft, Alphabet, Meta, and Amazon’s earnings statements.
Despite Tesla’s strong sell-off following unsatisfactory quarterly results. The price activity for the S&P 500 and Nasdaq 100 has been uninspiring recently. Each index has needed a stronger sense of direction since the beginning of April. However, this week, both indices moved moderately down. With the first index falling 0.10% to 4,133.5 and the other falling 0.6% to 13,000 8.
In the big picture, equities have held up despite major obstacles including rising rates and US Fed‘s comments. Increased inflation, a slower economy, and declining profitability. However, the bullish momentum that has supported a strong advance in the key U.S. market indexes since mid-March is obviously weakening. It seems that investors will only invest in risky assets once they see higher corporate profitability.
The S&P 500 and Nasdaq 100 Graphical Presentation
Source: TradingView
In light of this, investors will have the chance to thoroughly evaluate the state of Corporate America. And the overall prognosis in the days to come when a number of major corporations release their earnings for the most recent quarter and provide comments on the future.
The key events of the next week include the financial reports from Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Alphabet (GOOGL). The corporate parent of Google. There are several important releases to keep an eye on as well. Together, these companies weigh about 14% of the S&P 500, so they have the potential to influence trade sentiment. And the course of the market in the near future.
A list of the most important company reports monitoring next week
