NEW YORK, USA – Wall Street shuffled to a mixed close on Monday, April 24, with interest rate-sensitive momentum shares weighing on the Nasdaq and US Treasury yields dipping as investors braced for a week of high-profile quarterly earnings and closely watched economic data.
Earnings this week include a spate of potential market movers, including tech and tech-adjacent Alphabet, Microsoft, Meta Platforms, and Amazon.On the economics front, a spate of housing data, industrial output, and the Department of Commerce’s first stab at first-quarter gross domestic product will be capped on Friday, April 28, by the closely watched and wide-ranging Personal Consumption Expenditures report, which tracks income, spending, and inflation.
European stocks closed essentially unchanged ahead of potentially market-moving earnings reports, which include a stream of European banks aside from US megacaps.