Tech company earnings: Technology giants including Microsoft, Alphabet, Meta, Amazon and Apple are set to publish their financial performance reports for the first three months of the year. Tech stocks have been losing their ground as investors respond to the Federal Reserve’s plans to raise interest rates this year.
Consumer goods earnings: McDonald’s, Coca-Cola and PepsiCo will report their financial performance for the first quarter through March. These and several other companies have already announced price increases to offset the higher costs of production.
Automaker earnings: General Motors and Ford are expected to publish their earnings for the first quarter, a period when carmakers globally struggled with a shortage of computer chips. The shortage has led to production constrains, which have left dealers with reduced inventories of new vehicles.
Amazon union vote: Workers at an Amazon Staten Island sorting center will start a five-day vote on unionizing, and the results are set to be tallied on May 2. The vote comes after workers of Amazon’s JFK8 warehouse voted to unionize this month.
Warner Bros. Discovery: Economists will be looking for any indications on what led to the shutdown of CNN+, the entertainment conglomerate’s streaming service, a week after it launched.
Gross domestic product: The Bureau of Economic Analysis will publish data on the economic growth in the United States, which is expected to show a slowdown in the first three months of the year. Economists will be looking for details on how higher inflation is impeding consumers from spending and on the overall economy.
Twitter earnings: Investors will want to hear more about Elon Musk’s recent offer to buy the social media giant. Twitter responded by implementing a poison pill, which makes it harder for a prospective buyer to pursue the target company if the buyer accumulates shares above a certain point.
Southwest Airlines earnings: The airline is expected to report its earnings report for its first quarter, a week after its competitors American Airlines and United Airlines published optimistic results. Investors will want to see how Southwest’s fuel-hedging strategy has helped it offset rising fuel costs.
Oil company earnings: Exxon Mobil and Chevron will report their financial performance reports for the first three months of the year. The energy giants are expected to have benefited from soaring crude prices amid the Russian invasion in Ukraine, which led Western countries to impose oil bans on Russia.