In a market plagued by uncertainty, Mohamed El-Erian is turning to this week's earnings — from key technology names such as Microsoft and Alphabet , to industrial heavyweights General Electric and General Motors — for further clarity. "Given what we know, and especially what we don't know, I wouldn't bet against these markets.
Coca-Cola on Monday reported quarterly earnings and revenue that beat analysts' expectations, driven by the company's price hikes and higher demand for its drinks. So far, roughly 76% of S & P 500 companies that have reported earnings through Monday have fared better than analysts' expectations, according to FactSet data. When all is said and done, first-quarter earnings for companies in the entire index are estimated to decline an 5.2%, however, per Refinitiv.