Wall Street is gearing up for an eventful week ahead with a mix of economic events, earnings reports, and tech events on the horizon. Market participants will be closely watching for the senior loan officer opinion survey from the US Federal Reserve and the preliminary consumer sentiment data for May.
In terms of earnings, some major companies set to report quarterly earnings include Tyson Foods, Disney, Uber Technologies, and Warner Bros. Discovery. These reports will provide valuable insights into the performance of these key players in the market.
On the economic front, the US central bank will release a report on consumer credit for March on May 7, followed by data on preliminary consumer sentiment for May on May 10. These reports will give investors a better understanding of consumer behavior and sentiment in the current economic environment.
In the tech world, Apple is scheduled to hold an event on Tuesday to showcase new iPad products and hardware accessories, while IBM arm Red Hat will hold its annual summit in Denver, Colorado from May 6-9. These events are expected to generate excitement and interest among tech enthusiasts and investors alike.
Last week, US stock markets closed higher after a softer-than-expected jobs report. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posted gains, while the yield on the 10-year Treasury eased and the US dollar fell against the Japanese yen and euro. Crude oil and precious metals also saw fluctuations in prices.
Overall, the week ahead promises to be an eventful one for Wall Street, with a mix of economic data, earnings reports, and tech events set to drive market activity and investor sentiment. Stay tuned for updates and analysis on how these developments may impact the financial markets.
