This week is likely to see action on the companies’ front as some big tech companies are lining up to release their financial results. On Wednesday, President Donald Trump will mark his 100th day in office. S&P 500 is lower by 8.7% since the day Trump took office in January 2025.
It will be a busy week of corporate earnings, with companies including Apple, Amazon, Microsoft, Meta Platforms, ExxonMobil, Coca-Cola, and McDonald’s set to disclose their quarterly results. Along with several notable corporations in the internet, energy, finance, and consumer industries, almost half of the Magnificent Seven companies are reporting their earnings this week.
With Trump’s tariff policies on China, where around 90% of Apple’s products are created, putting pressure on the iPhone maker, Apple, the most valuable public corporation in the world by market capitalization, is set to report on Thursday.
When Apple was named as one of a few IT companies whose products would be excluded from some tariffs last week, its shares skyrocketed after plummeting in response to tariff announcements. On Thursday, investors will also hear from Amazon, which Raymond James analysts downgraded due to its exposure to trade with China.
When Microsoft reports on Wednesday, tariffs are not anticipated to be a major factor. Microsoft’s Intelligent Cloud division did not do well in the previous quarter. The same-day report from Meta Platform coincides with the parent company of Instagram being involved in an antitrust lawsuit brought by the Federal Trade Commission.
The April jobs report and important inflation data also get published this week, along with a trade balance update, the most recent consumer confidence report, housing market reports, and first-quarter GDP statistics will also be of interest to investors.
President Donald Trump has increased his calls for the central bank to cut interest rates and therefore, this week’s inflation data could again propel Trump to go after Powell. The March Personal Consumption Expenditures (PCE) report comes after the Fed’s preferred inflation reading came in as expected in February, with inflation remaining over the central bank’s 2% target rate.
Market watchers will get their first peek at how the overall economy did in the first quarter on Wednesday, when US GDP data is due to be released. In the fourth quarter of last year, the economy grew more slowly than predicted.
US stock futures fell Monday as investors braced for a busy week of first-quarter earnings reporting, with more than 180 S&P 500 companies expected to report.
First-quarter earnings have been generally strong, but corporations are beginning to decrease their projections for the second quarter and the full year, bracing for the potential consequences of growing global trade tensions.
While it is unclear whether the United States and China have begun formal trade negotiations, President Donald Trump has recently toned down his rhetoric, and Beijing has exempted several US items from penalties.
Last week, the Dow gained 2.48%, the S&P 500 increased 4.59%, and the Nasdaq Composite soared 6.73%, recouping much of the losses caused by Trump’s announcement of sweeping ‘reciprocal’ tariffs at the beginning of the month.