Live Markets: Calm before the storm
27/04/2026 16:35
Main US indexes modestly red; Nasdaq off ~0.3%
Cons Disc weakest S&P 500 sector; Comm Svcs leads gainers
Euro STOXX 600 index dips ~0.3%
Dollar, gold dip; bitcoin down >1%; US crude up >2%
US 10-Year Treasury yield climbs to ~4.34%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
CALM BEFORE THE STORM
U.S. stocks are subdued in the early portion of trading on Monday, with each of the major indexes showing modest declines ahead of a week filled with market catalysts.
Earnings season will decidedly pick up steam this week, with 178 S&P 500 companies scheduled to report earnings, including megacaps Microsoft MSFT.O, Alphabet GOOGL.O, Amazon.com AMZN.O, Meta META.O and Apple AAPL.O.
Year-over-year first-quarter earnings growth is currently tracking at 16.1%, according to LSEG data through Friday, up from the 14.4% at the start of April.
Lisa Shalett, CIO of Morgan Stanley Wealth Management, said in a note on Monday that "although we continue to believe that 2026 earnings, exhibiting 12%–13% growth, will drive a fourth year of S&P 500 gains, we remain cautious about ebullient 17%–20% profit-gain forecasts," saying that while markets can look past some factors as transitory, "corporate earnings cannot."
Also on tap this week are a flurry of policy meetings from global central banks, including the Federal Reserve, European Central Bank (ECB) and Bank of Japan.
Markets are completely pricing in that the Fed will hold rates steady at its policy announcement on Wednesday, according to CME's FedWatch Tool, although expectations have increased slightly in recent days that the central bank will cut rates by the end of the year as the roadblocks to Kevin Warsh's approval for the role have dissipated.
Below is your market snapshot:
(Chuck Mikolajczak)
*****
EARLIER ON LIVE MARKETS:
BEER STOCKS EYE A BILLION-PINT WORLD CUP LIFT - JEFFERIES CLICK HERE
LIVE MUSIC FINDS OUT THAT HOME IS WHERE THE MONEY IS CLICK HERE
MAGNIFICENT SEVEN EARNINGS FLOOD AWAITS AS MAGS ETF RIDES INTO RESISTANCE CLICK HERE
WHEN DO MARKETS START TO REALLY WORRY? CLICK HERE
RECENT DOLLAR BULLISHNESS STARTING TO WAVER CLICK HERE
STEADY START CLICK HERE
EUROPE BEFORE THE BELL: FUTURES HOLDING STEADY CLICK HERE
HORMUZ AND HYPERSCALERS CLICK HERE
Early trade April 27 https://fingfx.thomsonreuters.com/gfx/mkt/zdvxgjzlkpx/Pasted%20image%201777302131333.png
( )