S&P 500 (SPY) Report – 04/24/23

Good morning traders!

The S&P 500 ($SPY) is trading near Friday close. Let’s get into it…

Traders and investors are waiting for big tech earnings and fresh economic data releases, with stock futures trading near flat on Monday. Last week, major indexes all fell as the earnings season began, and the Dow ended a four-week winning streak. About 76% of S&P 500 companies that reported earnings through Friday beat analyst earnings estimates. This week marks the halfway point of earnings season, with high-interest names such as Alphabet, Microsoft, Amazon, and Meta announcing their results. Traders will also watch for new economic data, including GDP numbers and April’s consumer sentiment data, to gauge whether inflation is cooling and if the Federal Reserve will announce another rate hike.

Monday Economic Events:
Chicago Fed Activity Index 8:30am ET

Dallas Fed Mfg Survey 10:30am ETFed Speaker Scheduled:
No Fed Speakers Schedule

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