Wall Street week ahead: Investors to watch credit & consumer sentiment reports, major earnings

oOn Wall Street successful the week ahead, there’s not overmuch connected economical beforehand for marketplace participants to ticker for but the elder indebtedness serviceman sentiment survey from the US Federal Reserve and the preliminary user sentiment information for May.

Investors volition besides ticker immoderate large net reports from Tyson Foods, Disney, Uber Technologies, and Warner Bros. Discovery.

Last week, the US Fed kept its involvement complaint unchanged aft two-day of monetary argumentation meeting.

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Economic events

On May 7 (Tuesday), a study connected user recognition for March volition beryllium released by the US cardinal bank.

May 10 (Friday) volition spot the merchandise of information connected preliminary user sentiment for May.

Earnings

Following companies are owed to study quarterly net successful the week ahead—Tyson Foods, Vertex Pharmaceuticals, Palantir, Realty Income, Disney, McKesson, Ferrari, GlobalFoundries, Coupang, Electronic Arts, Rivian Automotive, Datadog, Uber Technologies, Anheuser-Busch InBev, Airbnb, Shopify, Arm, Energy Transfer, Trade Desk, Beyond Meat, Affirm, AMC Entertainment, Warner Bros. Discovery, US Foods, Hyatt Hotels, Roblox, Dropbox, Genpact, AMC Networks, and Enbridge.

Tech Events

Tech elephantine Apple is scheduled to clasp an lawsuit connected Tuesday to showcase caller iPad products and hardware accessories.

IBM limb Red Hat is scheduled to clasp its yearly acme successful Denver, Colorado connected May 6-9.

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US markets past week

US banal markets closed higher connected Friday aft softer-than-expected jobs report.

The Dow Jones Industrial Average roseate 450.02 points, oregon 1.18 per cent, to 38,675.68, the S&P 500 gained 63.59 points, oregon 1.26 per cent, to 5,127.79 and the Nasdaq Composite added 315.37 points, oregon 1.99 per cent, to 16,156.33.

The output connected the 10-year Treasury eased to 4.5 per cent from 4.59 per cent. The 2-year output fell to 4.81 per cent from 4.88 per cent.

The US dollar fell to 152.94 yen from 153.10 Japanese yen. The euro roseate to $1.0768 from $1.0730.

US crude lipid benchmark for June transportation mislaid 84 cents to $78.11 per tube connected Friday. Brent crude for July transportation declined 71 cents to $82.96 per barrel.

Gold for June transportation slipped $1 to $2,308.60 per ounce. Silver for July transportation fell 14 cents to $26.69 per ounce.

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Published: 05 May 2024, 09:50 PM IST