The past week was very volatile for the US Markets with all the three major indexes falling for a third consecutive week. The S&P 500 index and Nasdaq Composite Index posted their worst weeks since March 2020.
A number of blue chips began reporting their fourth-quarter earnings this month and more than 70% of S&P 500 companies that have reported results have topped Wall Street estimates. Streaming giant Netflix reported its earning last week and the company failed to meet investor expectations with its stock tumbling by 22% on Friday after it said it expected a slowdown in subscriber growth.
US Markets | The week ahead in focus
It is going to be a busy week of fourth-quarter earnings releases, with more than 100 S&P 500 companies scheduled to report. On Monday, IBM Corp (IBM), Philips (PHIA) are expected to report their financials. On Tuesday, Microsoft (MSFT), Verizon (VZ), General Electric (GE), American Express (AXP), Lockheed Martin (LMT), Johnson & Johnson (JNJ) will report their earnings.
On Wednesday, Tesla (TSLA), AT&T (T), Intel Corporation (INTC), The Boeing Co (BA) will headline the earnings.
Then on Thursday, Apple (AAPL), Visa (V), Comcast Corporation (CMCSA), McDonald’s Corporation (MCD), MasterCard Inc. (MA), will release their financials while Chevron (CVX) and Caterpillar Inc (CAT) close the week on Friday.
