Stock markets responded positively to the latest developments in presidential election. On the heels of the Dow Jones Industrial Average achieving a similar feat a few weeks ago, the Nasdaq Composite Index climbed to a record high and crossed the 13,000-mark for the first time after Congress confirmed Joe Biden’s election as President amid the Capitol Hill mayhem.
Among the other indexes, Dow Jones reached 31,000 for the first time during Thursday’s session, while the S&P 500 closed at a record high of above 3,800.
Jobless claims remained high last week, after showing an improvement in the previous period. However, the numbers were better than those economists had projected. Earlier, the labor market got a relief after the government passed the new stimulus bill and extended unemployment insurance benefits.
After the year-end lull, the earnings scene witnessed some activity this week, with Walgreens Boots Alliance, Constellation Brands and Micron Technology reporting results for their latest quarter on Thursday. The rest of the week was comparatively dull in terms of announcements.
The major companies reporting next week include KB Home and Delta Air Lines, on Tuesday and Thursday respectively. The season will pick up momentum when leading banks including Citigroup, JP Morgan Chase and Wells Fargo release their results on Friday.
Key Earnings to Watch
Key Corporate Conferences to Watch
Key Investor Days/AGMs to Watch
Key US Economic Events
The following are notable companies which have reported their earnings last week. In case if you have missed to catch up on their performance, click the respective links to skim through the transcripts to glean more insights.
If you want to listen to how management responds to analyst questions and the tone they use, you can head over to our YouTube channel to listen to conference calls on the go.
The Coca-Cola Company (NYSE: KO) reported first-quarter 2021 financial results before the regular market hours on Monday. The beverage manufacturer reported fourth-quarter revenue of $9 billion, up 5% year-over-year. The
The market rally gathered pace this week amid impressive quarterly results, led by the banking sector, and positive economic data. Leading stock indexes continued their winning streak, with S&P 500
Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage