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Monday's Market Minute: Earnings Season Heats Up With Eco Data On Tap

Let’s take a market minute to get ahead of what you should be watching this week. So far, we’ve already had a look at some 10% of S&P 500 companies’ quarterly results, but this week nearly 90 more will open their books to investors, among them Microsoft MSFT, Tesla TSLA, Intel INTC, Texas Instruments TXN, Logitech LOGI, Verizon VZ, General Electric GE, 3M MMM, AT&T T, Boeing BA, ADP ADP, IBM IBM, Lam Research LRCX, Southwest Airlines LUV, Chevron CVX, and American Express AXP.

As far as economic data that could move markets, a slow start to the week with the Leading Indicators today and the Richmond Fed Manufacturing Index and the PMI Composite Flash on Tuesday. But things heat up into the end of the week—Thursday, keep an eye on weekly Jobless Claims after the below-200K reading last week, Durable Goods Orders, and GDP. Friday, we have the Personal Income and Spending data due out, as well as Pending Home Sales and Consumer Sentiment. 

Lastly, we begin the week with crude oil above $82 and the Brent near $89. We’ve seen prices at the pump inching up, with AAA reporting the national average for a gallon of gas is now at $3.42, up from $3.09 just a month ago. Also, the U.S. dollar continues its decline as other currencies like the euro, the yen, and the pound have firmed.

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