Amazon: The e-commerce giant is expected to report first-quarter sales up 12% to $142.5 billion and profit more than doubling to 82 cents a share. Investors will be looking for commentary on the company’s cloud business and ongoing cost reductions. Amazon stock has been on a roll this year, rising 20% since the start of 2024 to a market capitalization of $1.88 trillion.
Other companies: Eli Lilly, Coca-Cola, McDonald’s, PayPal, Marathon Petroleum, 3M, GE Healthcare, Archer Daniels Midland, Restaurant Brands and Molson Coors will report earnings before the bell. AMD, Starbucks, Mondelez, and Pinterest will report after the market closes.
employment: Employment costs are expected to rise 1% in the first three months of this year and 0.9% in the final quarter of 2023, according to U.S. government data.
US real estate prices: According to the 20-city Case-Shiller index, home prices are expected to rise at an annual rate of 6.7% in February, up from 6.6% in January, with low housing inventory continuing to support price increases. It shows that you are doing it.
Consumer confidence: The Conference Board is expected to report a 0.7 point decline in consumer confidence to 104 in April.
