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Market Closes Green Before Week's Big Tech Earnings | Market Story

moomooニュース ·  04/22 16:02

Indexes finished in the green after an AI stock pullback on Friday.

The $S&P 500 Index traded 1.21% higher on preliminary numbers for the day in New York. The $Dow Jones Industrial Average gained 1.02%, and the $Nasdaq Composite Index rose 1.42%.

$NVIDIA (NVDA.US)$ was the third-biggest gainer on the S&P, advancing 4.33%, behind $Ford Motor (F.US)$s 5.68% advance and $United Airlines (UAL.US)$'s 5.85% rally. This week, investors are awaiting earnings reports from Tesla, Meta, Google, and Microsoft.

MACRO

$U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ fell to 4.974 this morning after hitting 5% briefly last week, while $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ slipped to 4.62.

This week, investors can expect macroeconomic data that may guide the market. The Purchasing Managers' Index will be released on Tuesday, first quarter gross domestic product (GDP) update will be released on Thursday, and the personal consumption expenditures (PCE), the Federal Reserve's preferred inflation gauge, will be released on Friday.

Fed Chairman Jerome Powel warned last week that rates would have to stay in place until policymakers gain more confidence that inflation is moving closer to their 2% target.

Mooers, what are you watching today?

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