Stock Market Update: China GDP Miss and Earnings Week Ahead

1 min read
Source: CNBC
Stock Market Update: China GDP Miss and Earnings Week Ahead
Photo: CNBC
TL;DR Summary

As the stock market opens on Monday, investors are optimistic after a strong week, with the Dow having its best week since March. Earnings season continues with major companies like Netflix and Tesla reporting this week, but analysts expect S&P 500 companies' earnings to be down over 7% compared to last year. Sony and Microsoft have reached an agreement to keep Call of Duty on PlayStation after Microsoft's deal to buy Activision Blizzard is settled. The U.S. media industry is facing challenges with production shutdowns, weak advertising revenue, and streaming losses, while Netflix remains relatively stable. Russia has walked away from a grain deal with Ukraine, threatening food security, following tensions over Ukraine's bridge construction and Sweden joining NATO.

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