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Stocks Shrug Off Early Weakness to Start Busiest Week of the Quarter

  • Following a shaky cash equity open on Wall Street, all three major indices head into the close in positive territory, with the e-mini S&P hitting a fresh alltime high in the process and extending the winning streak for futures to nine consecutive sessions. This puts markets on a particularly positive footing ahead of the busiest week of the quarter for corporate earnings, as just shy of 50% of the S&P500 by market cap are due to report.
  • Earnings highlights this week include General Electric, Visa, Microsoft, Alphabet, Boeing, GM, McDonald's, Apple, Amazon, Caterpillar, Chevron and ExxonMobil. Full schedule with timings and EPS/Rev expectations here:
  • European markets were similarly positive, although CAC-40 underperformed to finish with losses of 0.3% as luxury stocks slipped, led by the 1.1% slide in LVMH.

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