Stock market investors on Wall Street are gearing up for a busy week ahead, with a focus on key economic data and quarterly earnings reports from major companies. The US economic data to be released, including retail sales and industrial production figures, will provide insight into the health of the economy. Additionally, investors will be closely monitoring the escalating geopolitical tensions in the Middle East following Iran’s attack on Israel.
In terms of economic events, data on US retail sales for March, the Empire State manufacturing survey for April, and the home builder confidence index report for April are set to be released on Monday. On Tuesday, the industrial production data for March and housing starts data for the same month will be announced, along with a speech from US Federal Reserve Chair Jerome Powell. Later in the week, existing home sales data for March will be released on Thursday.
On the earnings front, a slew of major companies are scheduled to report quarterly earnings, including Goldman Sachs, Bank of America, Morgan Stanley, Netflix, and Abbott Laboratories, among others. These earnings reports will provide valuable insights into the performance of these companies and the overall market sentiment.
Last week, US stocks experienced a downturn, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posting losses. The market was impacted by a mixed start to earnings season and concerns about escalating tensions in the Middle East. Despite the market volatility, the US dollar, Treasury yields, and oil prices saw some fluctuations.
As investors brace for a potentially eventful week ahead, the stock market is sure to see some significant movements based on the economic data releases and earnings reports. Stay tuned for updates on how these developments will shape the market in the coming days.
