Last Week Stock Market Summary (April 21st - April 26th)
The past week saw mixed performance across major stock indices as investors navigated through a slew of corporate earnings reports and economic data releases. Here's a comprehensive summary of market activity:
- S&P 500: The benchmark index started the week with modest gains, driven by upbeat earnings from several tech companies. However, mid-week saw a pullback as concerns over inflation and interest rates resurfaced. By Friday's close, the S&P 500 ended the week slightly lower, posting a marginal decline.
- Dow Jones Industrial Average: The Dow Jones experienced a choppy week, influenced by a variety of factors including earnings reports, geopolitical tensions, and economic indicators. Despite early gains, the index closed the week with a slight decrease, reflecting broader market uncertainty.
- Nasdaq Composite: Technology stocks faced volatility throughout the week, initially buoyed by strong earnings from major tech giants but later pressured by rising Treasury yields and inflation worries. The Nasdaq ended the week with moderate losses, marking a reversal from its recent record highs.
Coming Week Market Moving Events (April 29th - May 3rd)
Investors will closely monitor several key events in the upcoming week, including:
- Federal Reserve Interest Rate Decision (Wednesday, April 31st)
- U.S. Gross Domestic Product (GDP) Report (Thursday, May 1st)
- Big Tech Earnings (Apple, Amazon, Alphabet) - Various Dates
Breakdown of Major Company Events/Earnings Announcements by Day of the Week
Monday, April 29th:
- Exxon Mobil Corporation (XOM) - Earnings Release
- Procter & Gamble Company (PG) - Earnings Release
Tuesday, April 30th:
- Pfizer Inc. (PFE) - Earnings Release
- Alphabet Inc. (GOOGL) - Earnings Release
Wednesday, May 1st:
- Apple Inc. (AAPL) - Earnings Release
- Federal Reserve Interest Rate Decision
Thursday, May 2nd:
- Amazon.com Inc. (AMZN) - Earnings Release
- U.S. Gross Domestic Product (GDP) Report
Friday, May 3rd:
- Chevron Corporation (CVX) - Earnings Release
Breakdown of Economic Reports by Day of the Week
Monday, April 29th:
- Pending Home Sales Index
Tuesday, April 30th:
- Consumer Confidence Index
Wednesday, May 1st:
- ADP Employment Report
- ISM Manufacturing Index
Thursday, May 2nd:
- Weekly Jobless Claims
- U.S. Trade Balance Report
Friday, May 3rd:
- Nonfarm Payrolls Report
- Unemployment Rate