April Ends With GDP, Fed Meeting, Dow Earnings Galore

The Fed's two-day policy meeting will kick off on Tuesday

Deputy Editor
Apr 16, 2020 at 10:00 AM
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As April comes to a close and the pandemic continues to encroach on the U.S. economy, there's a jam-packed slate on tap for investors next week. The highlight will be an advance reading of first-quarter gross domestic product (GDP), which will undoubtedly show the beginning economic effects of the coronavirus outbreak.

The Federal Open Market Committee (FOMC) will conduct a two-day policy meeting starting on Tuesday, culminating in an interest rate decision on Wednesday followed by a press conference from Fed Chair Jerome Powell. Investors are hoping the meeting will generate some clues about how the central bank plans on tackling the COVID-19 threat while also keeping the U.S. economy humming.

As if that's not enough, next week will also bring a slew of notable earnings, including social media platforms Facebook (FB) and Twitter (TWTR), tech icons Microsoft (MSFT) and Apple (AAPL), as well as Dow names Chevron (CVX), Visa (V), and McDonald's (MCD). 

Below is a brief list of some key market events and a few high-profile earnings releases scheduled for the upcoming week. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Monday, April 27 starts off slow with no economic data to report. F5 Networks (FFIV) and Keurig Dr Pepper (KDP) will report earnings. 

It gets busy quick on Tuesday, April 28 with the Case-Shiller Home Price Index, consumer confidence index, and retail inventories. On the earnings docket for the day are 3M (MMM), Advanced Micro Devices (AMD), Alphabet (GOOGL), Caterpillar (CAT), Ford Motor (F), Harley-Davidson (HOG), Merck (MRK), PepsiCo (PEP), Pfizer (PFE), Starbucks (SBUX), and UPS (UPS). 

Wednesday, April 29 will bring the GDP reading, the pending home sales index, and the Fed's interest rate decision. Fed Chair Jerome Powell will hold his press conference at 2 p.m. ET. On the earnings front will be Boeing (BA), eBay (EBAY), Facebook (FB), General Electric (GE), Microsoft (MSFT), Qualcomm (QCOM), Spotify Technology (SPOT) and Tesla (TSLA). 

Due out Thursday, April 30 is data on weekly jobless claims, employment cost index, personal income, consumer spending, core inflation data, and Chicago purchasing managers index (PMI.) Apple (AAPL), Amazon.com (AMZN), Dow Inc (DOW), Dunkin' Brands (DNKN), Kellogg (K), McDonald's (MCD), Twitter (TWTR), and Visa (V) will throw their hats into the earnings ring.

The week ends on Friday, May 1 with Markit manufacturing PMI, ISM manufacturing index, construction spending, and motor vehicle sales. Chevron (CVX), Clorox (CLX), and Exxon Mobil (XOM) will step into the earnings confessional. 




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