(Finance) – Weak session on Wall Street for therelease of some disappointing quarterly reports, despite the corporate results season coming to an end with good overall results. Of the 424 S&P 500 companies that have released earnings through Tuesday, nearly 78% beat analysts’ estimates, according to LSEG data. In a typical quarter, 67% beat estimates.
On the monetary policy front, investors will be closely monitoring the comments from several Fed officials – Vice President Philip Jefferson, Boston President Susan Collins and Governor Lisa Cook during – to get new clues about the US central bank’s monetary easing plans.
Among those who spread the quarterly before the bell, Uber forecast lower-than-expected second-quarter gross bookings after missing target for the first three months, Shopify said gross margins will decline following the sale of its logistics business, Rivian reported a larger-than-expected first-quarter loss, Emerson improved profit guidance after a better-than-expected quarter.
Looking at the main indicesWall Street reports a change of -0.01% on Dow Joneswhile, on the contrary, theS&P-500, which loses 0.29%, trading at 5,173 points. Just below par Nasdaq 100 (-0.43%); on the same line, under parity theS&P 100which shows a decline of 0.26%.
Among the data relevant macroeconomic factors on US markets:
Wednesday 05/08/2024
4:00 pm USA: Wholesale inventories, monthly (expected -0.4%; previously 0.5%)
4.30pm USA: Oil inventories, weekly (expected -1.43 million barrels; previously 7.27 million barrels)
Thursday 05/09/2024
2.30pm USA: Jobless Claims, weekly (expected 211K units; previously 208K units)
Friday 10/05/2024
4:00 pm USA: Michigan University Consumer Confidence (expected 77 points; previously 77.2 points).