The US-Iran conflict has entered week 9. Both sides will hold talks again this weekend.
As of Friday, 28% of S&P 500 companies have reported earnings. Earnings are up 15.1% year over year, and revenue is up 10.3%. The forward P/E is now 20.9, above the 5-year and 10-year averages of 19.9 and 18.9.
The 2026 Q1 earnings season enters its peak this week. About 180 S&P 500 companies will report, including 11 from the Dow Jones Industrial Average.
The biggest focus will be the tech giants: Apple, Microsoft, Meta, Amazon, and Alphabet.
Also, the Federal Reserve will announce its rate decision on Wednesday.
Key schedule:
Monday: Earnings from VZ, CNDS, NUE, DPZ.
Tuesday: Consumer confidence index. Earnings from V, KO, NVS, TMUS, GLW, BKNG, SPGI, STX, SBUX, SPOT, UPS, SHW, BCS, MDLZ, GM, PPG.
Wednesday: Fed meeting, March durable goods orders, housing starts, building permits, retail and wholesale inventories. Earnings from GOOGL, MSFT, AMZN, META, AZN, ABBV, KLAC, QCOM, REGN, F, BIIB, HUM, ALGN, MGM.
Thursday: Initial jobless claims, March PCE and Core PCE, Q1 GDP. Earnings from AAPL, LLY, MA, CAT, MRK, AMGN, COP, SNDK, WDC, ITW, VLO, FSLR, AIG, ILMN.
Friday: Earnings from XOM, CVX, LIN, TRP.
Outlook:
Full-year 2026 earnings are expected to grow 18.6%, with revenue up 9.5%.
For Q2–Q4: earnings growth is 20.6%, 22.7%, and 20.4%. Revenue growth is 10.7%, 9.5%, and 9.1%.
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