3 Things Investors Must Know for Monday
It's a big week for earnings.

Thanks, Steve.

The markets initially took a positive cue from Treasury Secretary Steve Mnuchin and ran with it on Sunday evening. Dow Jones Industrial Average futures popped 53 points as of 8:44 p.m., S&P 500 futures rose 5 points, and Nasdaq Composite futures gained 15 points. Mnuchin said Saturday at the IMF's spring meetings that he was considering a trip to China to discuss current trade disputes. He added that he was "cautiously optimistic" of reaching an agreement with China, though stopped short of saying he had a trip confirmed.

The gains reversed course on Monday as investors fretted about 10-year yields hovering around 3%

To be sure, investors should proceed with caution into Monday's trading session. Markets came under pressure on Friday amid another selloff in chip stocks that weighed on big-cap tech king Apple (AAPL) . If Alphabet's earnings come up short on Monday after the bell, it will be yet another excuse for investors to bid down stocks.

Apple and Alphabet are holdings in Jim Cramer's Action Alerts PLUS.

Here are several big events on TheStreet's radar this coming week.

Earnings in Full Swing

Earnings season will once again dominate headlines next week, as big-time corporate players are set to report quarterly results.

On Monday, April 23, earnings are expected after the market close from powerhouse tech company Alphabet Inc. (GOOGL) . Analysts polled by FactSet are looking for first-quarter earnings of $9.29 per share on revenue of $24.24 billion.

Watch more about the tech rout below with TheStreet's Executive Editor Brian Sozzi and correspondent Scott Gamm.

Tuesday, April 24, will be a major day for industrials. Caterpillar Inc. (CAT) and 3M Co. (MMM) are set to post earnings.

Wednesday, April 25, earnings are set for release from a mixed bag of major players, including AT&T Inc. (T) , Chipotle Mexican Grill Inc. (CMG) , Comcast Corp. (CMCSA) and Boeing Co. (BA) . Also among the 212 companies set to release earnings Wednesday is Twitter Inc. (TWTR) . Analysts expect the company to disclose 12 cents in earnings per share on revenue of $604 million.

On Thursday, April 26, there are 345 companies set to release quarterly financials. But the biggest will undoubtedly be Amazon.com Inc. (AMZN) with a report expected after the market close. Analysts expect earnings of $1.24 per share on revenue of $49.9 billion.

Friday, April 27, will bring earnings from energy giants including Chevron Corp. (CSX) , Exxon Mobil Corp. (XOM) and Phillips 66 (PSX) .

Korean Peninsula in Focus

On Friday, April 27, North Korea's Kim Jong Un and South Korea's Moon Jae-in are set to meet in an historic summit aimed at easing decades-long tension in the peninsula and improving the two countries' relationships. Moon said this week that North Korea wants "complete denuclearization" throughout the Korean Peninsula. Moon told reporters, "[North Korean leaders] have not attached any conditions that the U.S. cannot accept, such as the withdrawal of American troops from South Korea. All they are expressing is the end of hostile policies against North Korea, followed by a guarantee of security."

President Donald Trump is scheduled to meet with Un in May or June. The highly anticipated meeting will be the first time the sitting leaders of both the U.S. and North Korea have a face-to-face meeting. While North Korea hasn't confirmed Moon's comments on denuclearization, they could represent a major step in the right direction.

Moon and Un will meet Friday in the border village of Panmunjom. The two Koreas have had such meetings twice before, both in Pyeongyang, North Korea, in 2000 and in 2007.

And on the Economic Calendar...

This coming week will be relatively light on economic events, with just a handful worthy of headlines.

On Thursday, weekly jobless claims are expected to total 232,000, in line with the figure from a week earlier.

On Friday, preliminary gross domestic product for the first quarter is scheduled for release at 8:30 a.m. ET. Analysts expect GDP to total 2.2%, down from 2.4% in the fourth quarter of 2017. Michigan Consumer Sentiment statistics are expected at 10:00 a.m. ET. Analysts expect the measure of consumer attitudes to come in at 97.9, which would be a small gain from last month's 97.8 reading.

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