Wall Street starts the week flat ahead of tech earnings and economic data 

Wall Street starts the week flat ahead of tech earnings and economic data 


American actions were little changed on Monday while Wall Street was preparing for a wave of major earnings and the main versions of economic data.

The S&P 500 and the Nasdaq Composite planeed Near the flat line, while the industrial average of Dow Jones earned 114 points, or 0.28%.

The actions of large technological companies – Amazon, Apple, Meta Platforms and Microsoft – briefly slipped During the session, investors have prepared for their upcoming quarterly results.

Apple and Meta then recovered, increasing respectively by 1% and 0.8%. Microsoft increased by 0.2%, while Amazon decreased by 0.3%.

The benefits of the previous quarter were moderately solid, 73% of companies beating analyst estimates, according to at FostSet. However, this figure is slightly less than the average of five years of 77%. Analysts reduce the expectations of the second quarter and the full year, as the company’s directives reflect concerns about the economic impact of President Donald Trump’s prices.

China vs United States

In Washington, the secretary of the Treasury, Scott Bessent, offered few details on commercial negotiations with China, but stressed that it was up to Beijing to defuse tensions.

Speaking on the “Squawk box” of CNBC, Bessent note Progress on other commercial fronts, highlighting India as a potential early success. “They sell us five times more than we sell to them, and therefore these 120%, 145% rates are not durable,” said Bessent.

The markets are also considering new developments in the technology sector after the information that Huawei Technologies plans to test a new chip in competition with NVIDIA, using the actions of the American flea manufacturer.

Investors will continue to monitor profits, trade negotiations and economic data throughout the week to assess the wider market prospects.

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