From Nasdaq: 2024-07-28 16:33:21

Last week, Tesla (TSLA) missed part of its earnings report, causing a stock tumble, along with a market sell-off. The S&P 500 (SPX) (SPY) had a 2% down day but managed to recover slightly by the end of the week, closing down just under 1%.

This week, watch out for more earnings reports. Microsoft (MSFT) and AMD will report on Tuesday after hours, discussing AI impacts. Meta Platforms (META) and Boeing (BA) will report on Wednesday, focusing on AI and demand forecast. Amazon (AMZN) and Apple (AAPL) will release earnings on Thursday, potentially moving the market with Prime Day numbers and profitability reports.

Consumer Confidence data will be released on Tuesday, with implications for the market. The FOMC rate decision and press conference are the highlights of the week, potentially causing market volatility. ISM Manufacturing PMI on Thursday will indicate economic health, and Non-Farm Payrolls on Friday will affect the rate cut narrative and market reactions.

Stay informed and good luck this week! Check out daily options articles for more insights.



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