“US Markets Fall on First Day of the Week, Nasdaq Secret Revealed: Earnings Report Schedule”

Investing.com – The US market opened similar to last week’s close after four weeks of consecutive gains, and both the Nasdaq and S&P 500 closed lower last week.

markets now

It now falls by 0.62% to 11,997.94 points, down from 12,053 points at the beginning of the session, while the Dow Jones fell by 0.16% and the S&P 500 by 0.14%. This comes as the American fell to 101.185 against a basket of foreign currencies, down 0.36%.

Returns declined strongly in today’s trading, with the ten-year Treasury yields recording 3.518%, down by 1.50% now. While spot contracts (PUT) rose by 0.09% and traded at $1985.41 an ounce, while futures contracts rose by 0.27% to $1995.8 an ounce.

Texas and Brent crude oil rise by 1.23%, to trade now at $78.81 a barrel, while it is trading at $82.54 a barrel, up by 0.20%.

It is down by 1.48% and is now trading at $27,177.2 a symbol, while Ethereum is down 2.49%, to $1,818.82.

The secret of the Nasdaq drop

Tesla stock (Tesla) fell 3.4% after the automaker raised its 2023 capital spending forecast to ramp up production, weighing on consumer discretionary inventories.

First Republic Bank FRC stock rose 6.3% ahead of its quarterly report. Shares of the regional bank have fallen 88 percent this year due to the US banking crisis.

Declines outnumber gainers by 1.05 to 1 on the NYSE and 1.75 to 1 on the Nasdaq.

The S&P index hit a new 52-week high for 17 stocks, while two stocks hit a 52-week low, while the Nasdaq index saw 52 stocks at a yearly high and 139 stocks at a 52-week low.

The bankruptcy of Bad and Bath..a foregone conclusion

After months of trying to delay the inevitable with various schemes and financing maneuvers, the beloved household goods retailer filed for bankruptcy over the weekend. After all, Bed Bath just doesn’t fit anymore after multiple shifts in strategy that have alienated both shoppers and suppliers in recent years. Now, the company is moving to close the remaining Buybuy Baby stores of the same name, unless another party swoops in and saves the brands. According to court filings, Bed Bath has about 14,000 non-seasonal employees and as many as 50,000 creditors.

The markets evaluate the next Fed movement in the May and June meetings, and the majority believes, according to the interest rate tracking tool from Investing, that the Fed will accept a 25 basis point hike in its next meeting, and then fix it after that in the June meeting.

Most Fed policymakers have acknowledged over the past week that the central bank has more work to do to bring down inflation, before entering a period of obfuscation until the next policy meeting.

Earning harvest season

The current week is filled with many earnings reports for major companies in the US market. Below we review the most prominent of them:

Tuesday:

(before the bell)

(after the bell)

Wednesday:

(before the bell)

(after the bell)

Thursday:

(before the bell)

• Amazon ()

• Intel

(after the bell)