On Wall Street in the week ahead, the focus of stock market investors will be on the first quarter (Q1) US GDP data, the Federal Reserve’s preferred inflation gauge – the PCE (personal consumption expenditures) index, and quarterly financial results from Microsoft, Alphabet, Meta Platforms and Tesla.
Market participants will also keep an eye on the Middle East conflict and crude oil prices.
Economic events
On April 23 (Tuesday), data on S&P flash US services PMI and S&P flash US manufacturing PMI for April will be released.
A report on new home sales for March will also be released on the same day.
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April 25 (Thursday) will see the release of the US GDP (gross domestic product) data for the first quarter.
On April 26 (Friday), data on PCE index will be unveiled.