This Week: US home sales, Tesla earns, Amazon earns

A look at some of the key business events and economic indicators upcoming this week:

HOUSING MARKET BELLWETHER

Economists project that sales of previously occupied homes declined in March from a month earlier.

U.S. home sales surged 11.8% in February, aided by accelerating wages and falling mortgage rates, a combination that's helped improve affordability. The National Association of Realtors is expected to report on Monday that sales slid to a seasonally adjusted annual rate of 5.35 million last month.

Existing home sales, in millions, seasonally adjusted annual rate:

Oct. 5.22

Nov. 5.21

Dec. 5.00

Jan. 4.93

Feb. 5.51

March (est.) 5.35

Source: FactSet

ROUGH ROAD

Tesla's latest quarterly results should provide more details into the company's rocky start to the year.

The electric car maker disclosed earlier this month that it churned out 77,100 vehicles from January to March, well behind the pace it must sustain to fulfill CEO Elon Musk's pledge to manufacture 500,000 cars annually. Tesla serves up its first quarter results Wednesday.

ON A ROLL

Wall Street expects another strong quarterly snapshot from Amazon.

Financial analysts predict the e-commerce giant will report on Thursday that its first quarter earnings and revenue surged past its results from a year earlier. Amazon has boosted its profits in recent quarters by expanding into businesses such as cloud computing services and advertising.

PORT ST. LUCIE, Fla. (AP) — Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.

The 15-year-old son of Tiger Woods tied for 61st among the 74 players who finished. The top five advanced to regional qualifying.

Woods shot 40 on the front nine, opening bogey-double bogey. He followed a birdie on the par-3 fifth with another double bogey. He shot 41 on the back with three bogeys and a double bogey.

The U.S. Open will be played June 13-16 at Pinehurst No. 2 in North Carolina.

Woods also struggled in February in a pre-qualifier for the PGA Tour's Cognizant Classic, taking a 12 on a hole and shooting a 16-over 86 at Lost Lake Golf Club in Hobe Sound.

Woods has played the 36-hole PNC Championship with his father the last four years in a scramble format.

AP golf: https://apnews.com/hub/golf

FILE - Charlie Woods tees off during the final round of the PNC Championship golf tournament Sunday, Dec. 17, 2023, in Orlando, Fla. Charlie Woods, the 15-year-old son of Tiger Woods, failed to qualify for his first U.S. Open after shooting 9-over 81 on Thursday, April 25, 2024, at Legacy Golf & Tennis Club in Port St. Lucie, Florida.(AP Photo/Kevin Kolczynski, File)