Traders on the floor of the NYSE
Source: NYSE
Here are the most important news items that investors need to start their trading day:
1. Rally faces tests this week
The January rally has hung in there, weathering a mixed bag of earnings reports and forecast cuts, as well as some soft economic data. This week it will run into some big tests, given the earnings schedule dominated by Big Tech names (more on that below) and the Federal Reserve’s next moves. The Fed’s policy-setting committee meets Tuesday and Wednesday. Market watches expect the Fed to raise its benchmark rate by a quarter of a point, which would be smaller than the past few increases, so most of the focus will be on what Chairman Jerome Powell says about the Fed’s outlook following the announcement Wednesday. Read live markets updates here.
2. Apple and Amazon lead earnings slate
Tech stocks on display at the Nasdaq.
Peter Kramer | CNBC
Some huge tech names are due to report earnings this week, but there are some big companies from other segments set to announce, as well. So far this earnings season has been mediocre at best, with several companies topping low expectations, while others have pre-announced to set expectations even lower. Here’s a look at the earnings week ahead:
- Tuesday: General Motors, McDonald’s, UPS, Pfizer, Spotify (before the bell); Snap, AMD (after the bell)
- Wednesday: Peloton (before the bell); Meta (after the bell)
- Thursday: Apple, Alphabet, Amazon, Ford, Starbucks, Qualcomm (after the bell)
3. Renault aims to cut Nissan stake
Renault and Nissan automobile logos are pictured during the Brussels Motor Show on January 9, 2020 in Brussels. (Photo by KENZO TRIBOUILLARD/AFP via Getty Images)
Kenzo Tribouillard | Afp | Getty Images
Two automotive titans are attempting to shake things up as the industry moves more aggressively into electric vehicles. France’s Renault and Japan’s Nissan said Monday they will restructure their agreement, which they struck in 1999. Under the deal, which requires…
Read the full article here
