U.S. Financial Market Update: The Week Ahead

Last Updated on Apr 29, 2024

THINGS TO WATCH

–AMAZON AND APPLE EARNINGS: After the market closes tomorrow, Amazon (AMZN) will deliver its 1Q24 results. Investors will be looking for sales in its AWS cloud computing segment to accelerate from last quarter’s 13% growth rate and its emerging advertising sales division to maintain a 20%-plus rate of annual growth. Thursday afternoon, Apple’s (AAPL) quarterly results and commentary will be closely examined for signs of stabilization in iPhone demand in China. Investors will also be listening for hints from management of plans for embedded generative artificial intelligence functionality in new products ahead of the company’s Worldwide Developers Conference to be held the week of June 10-14.

–APRIL JOBS DATA: Wednesday morning, ADP data is expected to show U.S. private employers added 180,000 workers in April after a gain of 184,000 in March. According to ADP, workers who changed jobs in March saw their wages increase 10% from a year ago, an acceleration from a range of 7.5% - 8.5% over the prior five months. The April nonfarm payroll release on Friday morning is likely to show monthly aggregate job growth in the U.S. of 250,000 following gains of 303,000 in March and 270,000 in February.

Read the full US Financial Market Update: The Week Ahead April 29, 2024 here.

^{Investment and insurance products are:}

*Not FDIC insured
*Not insured by any federal government agency
*Not a deposit or other obligation of, or guaranteed by, Centier Bank
*Subject to investment risks, including possible loss of the principal amount invested