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- About 150 S&P 500 companies are scheduled to release their quarterly results this week
About 150 S&P 500 companies are scheduled to release their quarterly results this week
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Loading...The Dow Jones Industrial Average traded just 6 points higher. The S&P 500 climbed 0.06% and eked out an intraday record, breaking above 2940. The Nasdaq Composite rose 0.1%.
Stocks traded along the flatline on Monday as investors braced for a busy week including a flurry of corporate earnings reports, economic data and an announcement from the Federal Reserve.
About 150 S&P 500 companies are scheduled to release their quarterly results this week, including Apple, General Electric and Qualcomm. Alphabet and Western Digital will release their first-quarter numbers after the bell on Monday.
So far, 231 companies in the S&P 500 have reported quarterly results. Of those companies, 77.5% have topped analyst expectations. The reported earnings growth rate, meanwhile, is around 1%, well above the expected 4.2% drop.
Strong corporate reports helped push the S&P 500 and Nasdaq Composite to record closing highs last week. The two indexes also notched solid weekly gains.
Source: CNBC
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