Apple and Tesla earnings, along with the Fed and GDP will drive markets in the week ahead

  • Date: 23-Jan-2021
  • Source: CNBC
  • Sector:Economy
  • Country:Middle East
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Apple and Tesla earnings, along with the Fed and GDP will drive markets in the week ahead

Traders work on the floor of the NYSE.NYSEStimulus euphoria may be waning, but investors will have plenty to focus on in the week ahead, as a blast of earnings news hits, the Federal Reserve meets and new data will show the state of the economy at the end of the year.Stocks gained in the past week on optimism for a $1.9 trillion stimulus package, proposed by President Joe Biden. But by Friday, the market lost steam amid increased concerns about the pandemic's economic impact, and as it seemed Biden would not have an easy time getting the stimulus plan approved.Apple, Facebook, Microsoft, Tesla and more than 100 other S&P 500 companies report earnings in the biggest rush of earnings reports this quarter.The pandemic will also be a factor as travel restrictions and lockdowns threaten the global economy, and worries remain over the speed of vaccine distributions. But there is hope that Johnson and Johnson will release positive news on its vaccine results soon, and if that's the case it could signal another source of vaccines will be available. The J&J vaccine would be a single shot, as opposed to the currently available double-shot vaccines."We expect to see their results," said