Wall Street next week: Spotlight on US GDP, earnings of Tesla, Microsoft, Alphabet, Meta Platforms

S&P flash US services PMI and S&P flash US manufacturing PMI data for April will be announced on Tuesday, April 23. The same day will see the release of a report on new house sales for March.

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The US GDP data for the first quarter (Q1), the PCE (personal consumption expenditures) index, which is the preferred inflation measure of the Federal Reserve, and the quarterly financial reports from Microsoft, Alphabet, Meta Platforms, and Tesla will be the focus of stock market investors on Wall Street this coming week.

Economic happenings

S&P flash US services PMI and S&P flash US manufacturing PMI data for April will be announced on Tuesday, April 23. The same day will see the release of a report on new house sales for March.

The US GDP (gross domestic product) numbers for the first quarter will be released on Thursday, April 25.

The PCE index data will be released on Friday, April 26.

Earnings based on quarterly performance

The following businesses are scheduled to release their quarterly results this coming week: Lockheed Martin, Mattel, General Motors, Meta Platforms, IBM, AT&T, Boeing, Chipotle, General Dynamics, Hilton Worldwide, Ford Motor, Microsoft, Alphabet, Merck, Caterpillar, Comcast, Intel, Altria Group, TotalEnergies, Exxon Mobil, AbbVie, Chevron, and Colgate-Palmolive.

US markets previously

Brent crude saw an increase of 18 cents to $87.29 per barrel for June delivery.

The S&P 500 lost 43.89 points, or 0.88 percent, to 4,967.23, the Nasdaq Composite lost 319.49 points, or 2.05 percent, to 15,282.01, and the Dow Jones Industrial Average gained 211.02 points, or 0.56 percent, to 37,986.40.

From 4.64 percent on Thursday to 4.62 percent on Friday, the yield on the 10-year Treasury decreased. The US dollar dropped from 154.61 Japanese yen to 154.60 yen. From $1.0645, the euro increased to $1.0650.

Benchmark On Friday, US crude oil for May delivery increased by 41 cents to $83.14 per barrel. At $2,413.80 per ounce, gold for June delivery increased by $15.80. An ounce of silver for May delivery now costs $28.84, up 46 cents.

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