As we kick off a new month, it’s critical to note that, while all three indexes managed to take home notable monthly gains, all three suffered steep losses for the first quarter. This marks the S&P 500’s first quarterly deficit since 2020.
Today this jam-packed week will close out with a slew of economic indicators including nonfarm payrolls, the unemployment rate, average hourly earnings, and labor-force participation rates in those aged 25 to 54. Also on tap is the final Markit manufacturing PMI, the ISM manufacturing index, data on construction spending, and motor vehicle sales.
No public companies are slated to release corporate earnings today, April 1.
Looking ahead to next week, a few key events will keep Wall Street on their toes. The S&P Global (Markit) services purchasing managers’ index (PMI) will be due out on Tuesday, hinting at the U.S. economy’s health. Just one day later, the Federal Open Market Committee (FOMC) will release its meeting minutes, giving investors even more clues as to when the next rate hike may be coming, amid the central bank’s increasingly hawkish stance.
All economic dates listed here are tentative and subject to change.
If you’re a bit confused about what the metaverse is, or will be. You’re not alone. In fact as recently as November of 2021, many top tech executives, who have plans for the metaverse, struggled to define the metaverse.
One of the best descriptions I’ve heard is that the metaverse will be the Web 2.0. It will create the ability for participants to interact in an interactive world that combines virtual reality, augmented reality and video. It will be a world where you can visit digital representations of real homes and purchase digital representations of items in the real world.
However, even that seems too simplistic. The way it’s described by Meta Platforms CEO Mark Zuckerberg, it will be a world where your avatar can hang out with distant friends and family in a more realistic, albeit still virtual way. I hope it’s not just me, but the whole concept leaves me feeling… disconnected. Which I know is strange because the whole point is connection.
However, many tech companies are pumping money into the metaverse, or at least their idea of it. And institutional investors are taking notice. That combination is almost always an indicator of stocks that are on their way higher.
That’s the point of this article; to point you to seven companies that are likely to be significant players in the metaverse. And after a significant correction in the tech sector, it may be the perfect time to buy these stocks at a discount.
Read More: Today’s Stock Market News & Events: 4/1/2022