Stocks face headwinds as they look forward to earnings, a Fed meeting and state reopenings [CNBC]
Meta Platforms, Inc. - Class A (FB)
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Source: CNBC
The stock market is struggling to make headway, as a big week of events rolls around, including a Federal Reserve meeting, the first look at post-shutdown economic growth and earnings from more than a fifth of the S&P 500 companies. it's a busy week for earnings, and some of the biggest blue chips are likely to join the growing list of companies withdrawing guidance amid the uncertainty of how the coronavirus and shutdowns are impacting their business. Apple , Microsoft, Amazon , Facebook , Boeing and McDonald's are among about 140 S&P 500 companies reporting first quarter results. Investors will also be watching the progress of the reopening of business activity in some states, like Georgia, Texas, Oklahoma and South Carolina. At the same time, President Donald Trump said he may extend social distancing guidelines into early summer. Many states, including the hardest hit, remain completely shut down. Stocks were slightly higher Friday, but the market was heading for its first negati
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