Earnings deluge could make or break sentiment [MSN Money]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: MSN Money
Earnings deluge could make or break sentiment © Reuters/LUCAS JACKSON A wide swath of S&P 00 sectors are scheduled to report next week, with compani reprting over $9 trillion in market capitalization in the queue, more than perct of the total for the index. Load Error Heavy hitters Facebook and Amazon are due to report as well as a doz Dow componts such as United Technologi, Coca-Cola, Microsoft and Exxon Mobil. "The focus is going to continue to be on earnings and what the msage is and so far the msage hasn’t be that great," said K Polcari, managing principal at Butcher Joseph Asset Managemt in New York. "If they continue to be what they are, the kind of lackluster reports, the market is going to get exhausted and it is going to back off. It is going to be an important week just for direction." Refinitiv data shows analysts expect the first year-over-year earnings decline since 06. As of Thursday morning, they see profits declining .7%. Rapidly sliding expectations for second-quart
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