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Wall Street’s major averages were mixed on Friday as investors digested the latest developments in the Middle East, including a three-week extension to the truce between Israel and Lebanon. U.S. President Donald Trump announced that the ceasefire between Israel and Lebanon will be extended for another three weeks after hosting the ambassadors of both countries in Washington. On the economy, the Consumer Sentiment Index was revised up in April-to 49.8 from the initial 47.6 and 53.3 in March-according to the University of Michigan Survey of Consumers.
Investors will be looking forward to the Federal Reserve’s interest rate decision next week, which will be out on Wednesday. The consumer confidence data, along with housing numbers, is scheduled for Tuesday. On Thursday, jobs data and the quarterly GDP numbers will be released. S&P Global and ISM PMI data are scheduled for Friday.
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Earnings spotlight: Monday: Verizon (VZ). See the full earnings calendar.
Earnings spotlight: Tuesday: Visa (V), Coca-Cola (KO), Starbucks (SBUX), British American Tobacco (BTI). See the full earnings calendar.
Earnings spotlight: Wednesday: Alphabet (GOOG) (GOOGL), Microsoft (MSFT), Meta (META), AbbVie (ABBV), Qualcomm (QCOM), Ford (F). See the full earnings calendar.
Earnings spotlight: Thursday: Apple (AAPL), Eli Lilly (LLY), Merck (MRK), Mastercard (MA). See the full earnings calendar.
Earnings spotlight: Friday: Exxon Mobil (XOM), Chevron (CVX). See the full earnings calendar.
Volatility watch: Car rental stocks Avis Budget (CAR) and Hertz Global (HTZ) are set up for another volatile week of trading based on options volume. The most overbought stocks per
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