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- Amazon.com (AMZN): EPS $1.36, Revenue $155.1B expected. Watch for commentary on supply chain costs under new global tariffs.
- Apple (AAPL): EPS $1.61, Revenue $94.1B expected. Look for Q2 strength from expedited iPhone shipments and favorable FX moves.
Over 60% of the S&P 500 will have reported earnings by May 2, making this a pivotal stretch for corporate sentiment.
Central Bank Activity
No major Fed decisions are scheduled this week. Policymakers remain in data-dependent mode, with potential rate cuts still expected later this summer if growth cools further. Focus is on Fed reactions to softer GDP and labor readings.
Technical Outlook
The S&P 500 has climbed 10% from its April low but remains roughly 10% below its February peak. Current levels sit between key April support and resistance zones. Without final trade agreements, continued back-and-forth volatility is expected.
Weekly Outlook
This week, markets face critical catalysts, including earnings from Meta, Amazon, and Apple, the PCE inflation report, and April’s jobs data. Trade tensions have eased but remain unsettled, keeping headline risk elevated. With equities rebounding off the April lows but still below February highs, traders should expect rangebound conditions to persist. Major earnings results and economic releases will be key to either extending the rally or triggering renewed volatility.
More Information in our Economic Calendar.
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