Pre-market trading shows declines across major U.S. indexes, with the Dow down 53 points (-0.11%), the S&P 500 down 7 points (-0.10%), the Nasdaq down 37 points (-0.13%), and the Russell 2000 down 10 points (-0.39%). Major economic reports are set to be released later this week, including Consumer Confidence and Durable Goods, with the Federal Open Market Committee (FOMC) meeting scheduled for Wednesday to discuss interest rates.
Verizon (VZ) exceeded earnings expectations for Q1, reporting $1.28 per share, but revenue was slightly lower than projected at $34.44 billion. Domino’s Pizza (DPZ) missed both earnings and revenue expectations, reporting $4.13 per share against a $4.29 forecast, with revenues of $1.15 billion below estimates by 1.35%. Following these reports, VZ shares climbed while DPZ shares fell nearly 7% in pre-market trading.
Key reports to watch this week include the interest rate decision from the FOMC on Wednesday, which is significant as it will be the last meeting led by Fed Chair Jerome Powell before Kevin Warsh is expected to take over. Upcoming earnings from major companies in the technology sector, including Alphabet, Amazon, Meta Platforms, and Microsoft, will also be closely monitored.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
