Key Economic Indicators To Watch This Week: Big Tech Earnings and Bitcoin’s Breakout Above $95K

Key Takeaways

• More than half of the “Magnificent Seven” companies and big tech firms report earnings this week.
• Strategy (MSTR) will release earnings after wider-than-expected losses last quarter.
• Bitcoin is holding around $94,200 and could retest $95,000 soon.

A pivotal week is underway for investors as major corporate earnings, critical economic data, and crypto market shifts all converge.

With Wall Street off to its worst yearly start in a century , the next few days could offer key clues about the direction for stocks, the broader economy, and digital assets.

Earnings Take Center Stage

Big tech earnings season heats up this week, alongside major reports from the energy, finance, and consumer sectors.

The action kicks off Tuesday with Visa (V) reporting earnings. Investors will be watching closely amid speculation that Visa could replace Goldman Sachs as the payment partner for Apple Card.

Other notable financial names, including Mastercard (MA), HSBC (HSBC), UBS (UBS), and PayPal (PYPL), are also scheduled to report throughout the week.

On Wednesday, attention turns to big tech heavyweights.

Microsoft (MSFT) is set to report, with investors zeroing in on the performance of its Intelligent Cloud segment after a softer showing last quarter.

Meta Platforms (META) will also release earnings the same day, even as it continues to battle an ongoing antitrust lawsuit from the Federal Trade Commission.

Adding to the busy midweek, President Donald Trump will mark his 100th day in office on Wednesday, a milestone that markets will be watching for any political or economic signals.

Thursday brings another round of major reports. Apple (AAPL) will release earnings while facing pressure from new tariffs targeting China, where much of its manufacturing is based.

Apple shares rebounded last week after reports suggested certain tech products might be exempt from the new tariff policies.

Amazon (AMZN) will also report on Thursday, shortly after analysts at Raymond James downgraded the stock due to concerns over its exposure to Chinese markets.

On the crypto side, Strategy (MSTR)—formerly known as MicroStrategy—will also post earnings Thursday, following a quarter of steeper-than-expected losses that have kept crypto investors cautious.

What To Watch on the Economic Calendar

Beyond big tech earnings, a busy week of economic reports could set the tone for markets.

The April jobs report, set for release Friday, will show whether the labor market is holding up amid ongoing trade tensions.

March delivered stronger-than-expected job gains, though the unemployment rate edged slightly higher.

Earlier in the week, investors will get private payrolls data from ADP and an update on job openings.

Another major highlight is the March Personal Consumption Expenditures (PCE) report, which the Fed closely watches for inflation trends.

February’s numbers met expectations but remained stubbornly above the Fed’s 2% target.

These figures will help shape expectations ahead of the Fed’s May 6-7 meeting, especially as President Trump increases public pressure on Fed Chair Jerome Powell over rate cuts.

First-quarter GDP numbers, set for Wednesday, will give a broader view of economic momentum after disappointing growth at the end of 2024.

Other key updates this week include consumer confidence readings, a snapshot of the trade balance, and important housing market data like home prices and pending sales.

Bitcoin Close to Breaking $95,000

In crypto markets, Bitcoin (BTC) continues to show resilience, holding steady around $94,200 as of Monday morning.

According to CoinMarketCap , BTC traded between $92,860 and $94,525 in the past 24 hours, with $18.7 billion in daily volume and a $1.87 trillion market cap.

Analysts say Bitcoin is maintaining its bullish momentum, supported by strong fundamentals.

Bitcoin ETF inflows have surpassed $3 billion, while major exchanges saw outflows of 36,500 BTC, reflecting investor confidence in Bitcoin’s long-term value.

On-chain data from Glassnode shows that wallets holding over 10,000 BTC jumped from 124,000 to 137,600 in the past month, reinforcing bullish sentiment.

Bitcoin now faces key resistance at $96,000, which matches the average six-month short-term holders’ entry point. Support lies near $90,500 if a pullback happens.