Earnings

Following the big tech-fuelled rally on Wall Street, the major US indices fell back, with the Nasdaq 100 being down about 2.5% at the time of writing. We had a number of weaker-than-expected US economic reports, in particular the ISM services PMI, while mixed technology earnings results and a more hawkish Federal Reserve and Bank of England policy decisions (and not forgetting the Bank of Japan), all weighed on risk appetite.

After an underwhelming start to earnings from the magnificent 7, Microsoft, Meta, Apple, and Amazon will release earnings this week.

U.S. stocks are to open sharply lower after Tesla and Alphabet's earnings underwhelmed. Tesla's net income almost halved to $1.47bn vs. the $1.9 bn forecast. Alphabet beat on earnings and revenue, but YouTube ad revenue missed forecasts. The selloff in Alphabet highlights how high the bar has been set.

U.S. stocks are rising, adding to yesterday's gains as US elections remain in focus and earnings season ramps up. Kamala Harris appears to get the backing of the Democrats. Attention is also on Tesla and Alphabet ahead of their earnings release after the close. Tesla traded up 25% in July, and Alphabet is up 30% this year, so expectations are high.

Investors are turning their attention to US earnings with 29% of the S&P 500 companies set to report their results this week. Tonight, we will hear from two of the “Magnificent Seven” tech stocks, Alphabet and Tesla, which could impact the S&P 500 forecast.

U.S. stocks rose on Monday as the market considered the latest developments surrounding the US elections and Republican nominee Donald Trump's odds of a second term as President. Biden announced that he was stepping down from the race, endorsing Vice President Kamala Harris. The market is also looking to earnings & core PCE inflation data later in the week.

The Nasdaq 100 is in a precarious technical position after breaking below a near-term bullish trend line and slipping below the 20K level ahead of Magnificent Seven earnings.

Earnings season ramps up this week with banks, airlines, and an early glimpse at chip stocks reporting, as well as Netflix.

US indices point to a stronger start as corporate earnings continue to roll in. Earnings are providing a welcomed distraction after worries over the Fed keeping rates high for longer hurt sentiment last week. US PMI data is due shortly and is expected to show business activity grew at a faster pace. Tesla is due to report after the close after the EV maker's deliveries fell in Q1 and as the share price trades down 40% this year.

S&P 500 and the FTSE fell last week after the market pushed back Fed rate cut expectations and as geopolitical tensions hurt risk sentiment. Look ahead; US core PCE will be a key focus next week, as well as earning season with Tesla earnings and UK bank's earnings.

S&P analysis: As markets have started Q2 poorly, amid interest rate uncertainty and raised geopolitical risks, investors are relying on earnings to provide boost, starting with Netflix today. S&P 500 technical analysis suggests more losses could be on the way, with 5,000 on the bears' radars.

The Nasdaq 100 is finally showing signs of breaking down from its 2-month sideways range between about 17,800 and 18,400 ahead of the Magnificent Seven stocks' earnings reports.

US indices are seeing diverging performance, with the DJIA looking relatively weak and the Nasdaq 100 uptrend remaining healthy.

Options traders expect a +/- 11% move in response to Nvidia’s earnings report, a truly staggering move in a $1.8T stock. See what we're watching!

Nvidia’s earnings will be a key hurdle to determine whether the S&P 500 uptrend can continue. See what else we'll be watching!

The S&P 500 and Nasdaq 100 remain in healthy uptrends for now but the DJIA is showing some cracks and is the key index to watch for signs of weakness from here.

The Magnificent Seven stocks made up more than 100% of the S&P 500's earnings growth last year - how will their Q4 earnings fare?