Published on 24 Apr 2024 on etf.com via Yahoo Finance
4 Big Earnings Reports Will Drive ETFs This Week
4 Big Earnings Reports Will Drive ETFs This Week
The first-quarter earnings season revs up this week, giving investors an opportunity to price stocks based on something other than macroeconomic variables like inflation and interest rates.
This week, earnings reports are due from several titans, whose impact on the stock market could be significant. Investors will see reports from Tesla Inc. on Tuesday, Meta Platforms Inc. on Wednesday, and Microsoft Corp. and Alphabet Inc. on Thursday. Those four stocks alone compose around 15% of the SPDR S&P 500 ETF Trust (SPY) and other funds that track the S&P 500.