North American equity market futures are pointing to a muted open as investors await a veritable deluge of earnings, highlighted by the tech titans.
It’s going to be a busy week – we’ve got Alphabet and Microsoft on deck tomorrow, with Meta Platforms following that up on Wednesday, so no shortage of news flow coming down the pipe from those bellwethers, and likely some updates when it comes to cost-cutting measures. Speaking of bellwethers, we’ve also got plenty to chew on here at home, starting with CN Rail earnings after the closing bells today.
Shares of Bed Bath & Beyond are plunging – down about 40 per cent – after the company filed for bankruptcy protection in the wake of a failed turnaround plan. Credit Suisse has reported US$69 billion worth of outflows during the first quarter, underscoring the depths of the crisis that saw the lender forced into the hands of UBS.Notable earnings: Coca-Cola, Whirlpool Corp., CN Railway
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