US stocks experienced an upward trend on Monday as investors braced for a significant week filled with corporate earnings announcements and crucial macroeconomic data releases. These reports will offer further insights into how the US economy is reacting to the tariffs implemented under President Trump’s administration.
The S&P 500 (GSPC) demonstrated a strong start to the week, rising by over 0.7%. Similarly, the Dow Jones Industrial Average (^DJI) saw a gain of 0.4%, while the Nasdaq Composite (IXIC) also edged up by 0.4%. This positive movement follows a strong rebound last week, with the S&P 500 recording its longest streak of daily gains since January.
Investor sentiment appeared to be buoyed by recent developments, including President Trump’s softened stance towards Federal Reserve Chair Jerome Powell and hints of potential easing regarding the significant tariffs imposed on China. While a sense of optimism prevails on Wall Street, a degree of caution remains as the final trading week of April unfolds, a month that has already been marked by considerable activity.
The primary focus this week will be on earnings reports, with approximately 180 companies within the S&P 500 scheduled to release their quarterly financial results. The technology sector will be in the spotlight, with key players such as Apple (AAPL), Amazon (AMZN), Meta (META), and Microsoft (MSFT) all set to report. Other notable companies due to announce earnings include Coca-Cola (KO), Eli Lilly (LLY), and Chevron (CVX).
Beyond corporate performance, broader economic indicators will also shape market sentiment. Investors are particularly关注 Wednesday’s release of the Personal Consumer Expenditures (PCE) index, the Federal Reserve’s preferred measure of inflation. This data will be closely analyzed for indications of how tariffs are affecting the everyday expenses of consumers.
Looking ahead, the April jobs report is also on the horizon. The labor market has shown resilience despite signs of a potential economic slowdown. Economists anticipate that the US economy added 133,000 nonfarm payroll jobs in the past month, with the unemployment rate expected to remain steady at 4.2%.
