Week of 04/17-04/21 Company earnings begins, Tesla disappoints

Mixed emotions this week as company quarterly earnings begin with many companies coming under their expected forecasts. The biggest disappointment for investors this week was TSLA, which plummeted 10% after hours and followed by a further decline the next day. This created a bearish sentiment for the market as the expectation of future earnings for the rest of the week. One stock that seemed to separate from the downward market action was AMZN which surged 3% multiple days on news that Whole Foods was cutting jobs due to their company re-structure plan. The market seems to be already factoring in a potential 25-basis point interest rate hike as there is no clear indication of a strong bull rally breaking out. Investors have their eyes focused on next week as big tech earnings from Apple, Amazon, Google, and Meta report their quarterly numbers.