Market Week Ahead: Tesla, Alphabet Set to Report; Fed Beige Book Highlights Policy Outlook

TradingKey – U.S. stocks continued to decline last week, with the Dow Jones and Nasdaq both down more than 2.6%, and the S&P 500 shedding 1.5%. Market sentiment stayed shaky as tariff talk around President Trump kept investors on edge. Meanwhile, fresh comments from Fed Chair Jerome Powell only added fuel to the market’s volatility.

In the week ahead, tech giants Tesla and Alphabet (Google’s parent company) will release earnings, drawing investor attention. Other notable names scheduled to release results include Boeing, Intel, and PepsiCo.  

On the macro side, early April PMI data for manufacturing and services is coming out in the U.S., Eurozone, and U.K. It’ll give us a first look at how the new tariffs are starting to hit the economy. Plus, the Fed is set to release its Beige Book, which should give a closer read on how policy uncertainty is shaping business decisions.

Earnings from Major Tech Companies: Tesla, Google, and Intel  

Tesla and Alphabet are among the most closely watched companies reporting this week. Investors will be paying particular attention to updates on AI demand, capital spending trends by cloud service providers, and the potential impact of trade tariffs on business operations.  

So far this year, shares of the so-called “Magnificent Seven” tech stocks have broadly underperformed. Alphabet is down roughly 20%, while Tesla has plunged about 40%. “These companies were once the primary drivers of the market. If they continue to stumble, overall investor confidence could deteriorate — especially given heightened volatility in recent weeks,” said JJ Kinahan, IG North America CEO.

Fed’s Beige Book 

The Fed will release its latest Beige Book, a regional economic survey that will shed light on how corporate strategies are being influenced by changing government policies and lingering uncertainty.  

Markets have recently experienced rare shifts in U.S. Treasury yields, with long-term yield rising and the dollar weakening — moves that analysts attribute to concerns over rising inflation. Increased import costs due to tariffs could intensify inflationary pressures and further limit the Fed’s flexibility in monetary easing.  

Key Global PMIs to Signal Economic Sentiment

This Wednesday, the U.S., Eurozone, and U.K. will publish flash PMIs for April covering both manufacturing and services sectors. These leading indicators are considered a frontline measure of business and consumer confidence.  

Particular attention will be given to the U.S. input prices subindex, which could reveal how tariffs are flowing through supply chains. In the Eurozone, markets will be watching for signs of weakening in new export orders.

Key Economic Data (U.S.)

Tuesday: April S&P Global Manufacturing PMI (preliminary)  

Thursday: March Durable Goods Orders (MoM)  

Friday: April University of Michigan Consumer Sentiment Index (final)

Key Economic Events

Monday: Fed Vice Chair Jefferson speaks at the Economic Liquidity Summit; ECB President Christine Lagarde also due to speak.  

Wednesday: Minneapolis Fed President Neel Kashkari, a 2026 FOMC voter, delivers remarks.  

Friday: Global financial leaders gather for the IMF-World Bank Spring Meetings (through April 26).

Key Earnings

Tuesday: Tesla (TSLA.O), Verizon (VZ.N)  

Wednesday: Boeing (BA.N), AT&T (T.N), IBM (IBM.N), Texas Instruments (TXN.O)  

Thursday: Merck (MRK.N), Procter & Gamble (PG.N)  

Friday: AbbVie (ABBV.N),