S&P 500 offers a number of earnings plays this week

S&P 500 index has retracted 2.8% over the past two weeks. One of the biggest earnings weeks for calendar Q2 is upon us. Apple, Microsoft, Amazon and Meta Platforms all release this week. Federal Reserve will release interest rate decision on Wednesday. McDonald’s was first out the gate on Monday in a week filled with numerous high-profile earnings events.

Clearly with the Fed likely to start an easing cycle soon, the FOMC has the potential to be a big event, but the likelihood is that they will simply signal a rate cut which is a reasonable baseline for September without pre-committing. So it may not be hugely market moving.” S&P 500 FAQs What is the S&P 500? The S&P 500 is a widely followed stock price index which measures the performance of 500 publicly owned companies, and is seen as a broad measure of the US stock market.

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