Earnings

Earnings drove volatility last week and continue to roll in this week. Attention will be on Amazon, Apple and HSBC. Here we look at what to expect.

The DJIA, S&P 500, and Nasdaq 100 all look vulnerable to more downside as long as this week’s highs hold.

Stocks are pointing to a modestly higher start as earnings continue to roll in. However, gains could be limited after stronger-than-expected US durable goods orders revived concerns over the Fed keeping rates high for longer. Tesla is set to open 12% higher despite missing both earnings and revenue estimates. The market was more impressed by the news of an acceleration in the production of affordable EV models. Meta will report after the close.

US indices point to a stronger start as corporate earnings continue to roll in. Earnings are providing a welcomed distraction after worries over the Fed keeping rates high for longer hurt sentiment last week. US PMI data is due shortly and is expected to show business activity grew at a faster pace. Tesla is due to report after the close after the EV maker's deliveries fell in Q1 and as the share price trades down 40% this year.

S&P 500 and the FTSE fell last week after the market pushed back Fed rate cut expectations and as geopolitical tensions hurt risk sentiment. Look ahead; US core PCE will be a key focus next week, as well as earning season with Tesla earnings and UK bank's earnings.

S&P analysis: As markets have started Q2 poorly, amid interest rate uncertainty and raised geopolitical risks, investors are relying on earnings to provide boost, starting with Netflix today. S&P 500 technical analysis suggests more losses could be on the way, with 5,000 on the bears' radars.

The Nasdaq 100 is finally showing signs of breaking down from its 2-month sideways range between about 17,800 and 18,400 ahead of the Magnificent Seven stocks' earnings reports.

US indices are seeing diverging performance, with the DJIA looking relatively weak and the Nasdaq 100 uptrend remaining healthy.

All eyes are on the popularity of the new iPhone 15, especially in China.

Big names like Apple, AMD and PayPal headline in the US while HSBC and Sainsbury’s are atop the agenda in the UK.

AWS is the central focus but Wall Street is hoping trends will improve across the business.

Meta comfortably beat expectations in the latest quarter, but investors are worried about the outlook for 2024.

Meta’s core social media business will need to impress if it wants to alleviate pressure on its experimental and costly new projects.

Microsoft has reinforced confidence that it has an early lead in AI, while Alphabet has sparked fears it could be falling behind.

Attention is on how the ad market is recovering and the impact of AI.

The better-than-expected performance from US Q3 banks’ earnings often paves the way for some encouraging numbers from UK banks. While NatWest, Lloyds, and HSBC are expected to post a year-on-year rise in pretax profit, Barclays is forecast to post a decline. Here we take a look at what to watch.

Can Microsoft retain its premium valuation this earnings season?