What to expect in the week ahead (AAPL, GOOGL, INTC, FB, MSFT, GE)

U.S. stock futures fell on Sunday night amid a four-week losing streak for the Dow Jones Industrial Average as investors weighed the likelihood of rising interest rates. Wall Street is also bracing for a stacked week of earnings, including reports from major tech companies such as Amazon and Apple.

Those moves come after Friday's selloff, with the Dow dropping 981.36 points, or 2.8%, to 33,811.40 in what was the Dow's worst day since October 2020. The S&P 500 fell 2.8% to 4,271.78, or its worst day since March. The Nasdaq Composite dropped by 2.6% to 12,839.29.

Notable economic data out this week includes Tuesday's Consumer Confidence Index for April from the Conference Board and the Bureau of Economic Analysis' advance estimate for first-quarter gross domestic product on Thursday. The latter is expected to come in around 1.7%, versus the 6.9% pace of economic expansion seen in the fourth quarter.

On Friday, the BEA reports personal income and expenditures for March. Income is seen rising 0.4% month over month while spending is seen increasing 0.6%.

Activision Blizzard, Ameriprise Financial, Coca-Cola, Cadence Design Systems, and SBA Communications report quarterly results.

More than a third of S&P 500 companies report earnings this week, led by Big Tech. Alphabet and Microsoft release results on Tuesday, Meta Platforms on Wednesday, and Amazon.com and Apple on Thursday.

3M, Archer-Daniels-Midland, Capital One Financial, Chipotle Mexican Grill, Chubb, D.R. Horton, Ecolab, General Electric, General Motors, Mondelez International, MSCI, PepsiCo, Raytheon Technologies, Texas Instruments, United Parcel Service, Visa, and Waste Management announce earnings.

The Conference Board releases its Consumer Confidence Index for April. Consensus estimate is for a 108 reading, about one point more than the March figure.

The Census Bureau releases the durable goods report for March. Economists forecast new orders for durable manufactured goods to rise 1% month over month to $274 billion.

The Census Bureau reports residential-sales statistics for March. Expectations are for a seasonally adjusted annual rate of 767,500 new single-family homes sold, roughly even with February's data.

American Tower, Amgen, Automatic Data Processing, Boeing, CME Group, Ford Motor, General Dynamics, Hess, Kraft Heinz, Norfolk Southern, Old Dominion Freight Line, PayPal Holdings, Qualcomm, ServiceNow, and T-Mobile US release quarterly results.

Altria Group, Caterpillar, Comcast, Eli Lilly, Gilead Sciences, Intel, Hershey, International Paper, Mastercard, McDonald's, Merck, Northrop Grumman, Southwest Airlines, Thermo Fisher Scientific, and Twitter hold conference calls to discuss earnings.

The Bureau of Economic Analysis releases the advance estimate for first-quarter gross domestic product. Consensus estimate is for a 1.7% seasonally adjusted annual growth rate, a sharp deceleration from the fourth quarter's 6.9%.

AbbVie, Bristol Myers Squibb, Cboe Global Markets, Charter Communications, Chevron, Colgate-Palmolive, Exxon Mobil, Honeywell International, and Weyerhaeuser report quarterly results.

The Institute for Supply Management releases its Chicago Purchasing Managers' Index for April. Economists forecast a 62.2 reading, slightly lower than March's 62.8 figure.

The BEA reports personal income and expenditures for March. Income is expected to rise 0.4% month over month while spending is seen increasing 0.6%. This compares with rises of 0.5% and 0.2%, respectively, in February.