On Monday, US stocks gained ground, building on last week’s solid performance. This positive sentiment comes as investors gear up for what will be a very busy week for earnings, with major companies like Amazon and Apple scheduled to report. Additionally, this week will see the release of important economic data, including the Fed meeting and the jobs report.
Heading into Monday’s trades, equity indexes were trending higher, setting a positive tone for the week ahead. With valuations near the upper end of their 20-year range, positive earnings reports will be crucial in driving the market higher. Investors will be eagerly awaiting key earnings reports, particularly from Amazon and Apple, which are slated for release after market close on Tuesday and Thursday, respectively.
On the economic front, all eyes will be on the Federal Reserve’s FOMC meeting on Wednesday, with investors looking for insights into the economic outlook and future policy decisions. Another major event to watch this week is the April jobs report, expected to be released on Friday. Economists are forecasting a gain of 250,000 jobs, following a strong showing in March. Amid these developments, US indexes opened positively on Monday morning.
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