Earnings announcements by major US companies will gather pace this week, with results from Meta, Tesla and others a focus for the market. The reporting schedules for such stocks as GM, Netflix, IBM and P&G have been highlighted.
The Nikkei 225 fell sharply from the previous Friday's close in the Japanese stock market last week. Progress in the development of CXMT's new products became a selling factor for semiconductor-related stocks, while supply chain concerns, volatility in oil markets and the rise in US CPI weighed on market sentiment. Despite ASML's strong earnings, buying momentum in semiconductor-related stocks remained weak, and the broader market continued to struggle to gain ground.
The focus this week will be the intensification of US corporate earnings announcements and the market's response to them. GM and Netflix are in focus on the 20th, IBM, Meta, Tesla and TI on the 21st, and Newmont and P&G on the 22nd. In particular, attention will center on whether Meta's earnings can dispel concerns about excessive AI investment.