First quarter earnings season will get underway in earnest this week with big banks reporting results on Friday as investors turn their attention slightly away from Fed policy and towards the state of play in corporate America.
Some of America’s largest financial institutions will report results before the market open on Friday, including JPMorgan (JPM), Wells Fargo (WFC), Citi (C), and BlackRock (BLK). Also featuring on the weekly schedule will be Wednesday morning’s inflation reading from the Consumer Price Index (CPI) and the monthly retail sales report out Friday morning.
Last week, markets were little-changed during a holiday-shortened trading week with U.S. markets closed for Good Friday. The Dow rose about 0.7% while the S&P 500 was fractionally lower and the Nasdaq fell about 1%.
The main event last week came with markets closed on Friday as the March jobs report showed hiring slowed in the U.S. economy last month, though likely not by enough to forestall another rate hike from the Federal Reserve next month.
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