Top Earnings Reports: MSFT, META, HOOD, QCOM, CAT, ETSY Apr 30

Earnings watch – Notable companies due to report include Microsoft (MSFT), Meta Platforms (META), Qualcomm (QCOM), Caterpillar (CAT), Allstate (ALL), Metlife (MET), and Yum Brands (YUM). Options trading implies a double-digit share price swing for Sleep Number (SNBR) and Oatly (OTLY) after their reports are released.

8:30 a.m. – The core PCE price index report for March will be released. The Fed's favored inflation gauge was up 2.8% year-over-year in February.

All day – The Treasury Department will make its quarterly refunding announcement on the expected funding needs for the next two quarters. The announcement includes which securities will be offered and dates of their announcement, auction, and settlement.

All day – Russell U.S. Index Rank Day will see FTSE Russell determine the market capitalization of all eligible companies to establish their membership in various Russell indexes, such as the Russell 3000, Russell 1000, and Russell 2000. The reconstitution process is closely watched by investors and fund managers, as it can lead to significant trading activity and price volatility.