To begin the trading day, investors should be aware of the following five essential points:
1. Closing with a constructive observation Friday saw gains across all of the major indexes, capping a turbulent week for equities. After completing Friday’s trading session at 40,589.34, the Dow Jones Industrial Average increased by 1.64%.
2. Additional technology planned The earnings season is at its busiest this week. About 160 of the S&P 500 firms will release their quarterly results this week; companies like Advanced Micro Devices and Microsoft are scheduled to release their results early. Apple, another large-cap tech company, is expected to release its financial information soon. These appear at a time when large technology names have recently been under pressure due to the rotation into small caps, which did not perform well in the first half of the year. Watch these important earnings: Tuesday: Following the bell, Microsoft’s Advanced Micro Devices Thursday: Amazon, Apple (after the bell)
3. A complete makeover?
US President Joe Biden recently unveiled his proposed Supreme Court reform agenda. A binding ethics code, term limits for court justices, and a constitutional amendment stating that presidents aren’t exempt from criminal prosecution for crimes they commit while in office are the three demands of the “No One Is Above the Law Amendment.
“4. Tap Value
Fast-food businesses are bringing back reduced lunches as consumers become more frugal. $5 lunches are back at places including Wendy’s, Taco Bell, Burger King, and McDonald’s.
5. A fresh R-record At the box office, a new champion has emerged. This weekend saw $205 million in domestic ticket sales for Marvel’s “Deadpool & Wolverine.” Not only is that the greatest R-rated movie premiere in history, but it’s also the highest debut of 2024.
Source (CNBC)
