Jobs, Apple, Facebook, Fed — What you need to know in markets this week

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By Myles Udland

After a busy week that saw first quarter GDP disappoint and tech majors including Amazon, Microsoft, and Alphabet report earnings, markets will brace for another round of corporate earnings and headline-making economic data.

On the economic data side, Wednesday’s policy statement from the Federal Reserve and Friday’s jobs report will be highlights, though markets expect no change to the Fed’s interest rate policies this time around.

Friday’s jobs report — coupled with strong wage data out Friday — could push markets to be more prepared for an interest rate hike from the Fed at its June 14-15 policy meeting. This would be the third rate hike since December.

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