First quarter earnings season will ramp up rapidly in the week ahead.
After big bank earnings unofficially got the proceedings underway on Friday, results from high-profile stock market winners this year like Netflix (NFLX) and Tesla (TSLA) will highlight a busy schedule for investors tracking corporate results.
The economic calendar will offer some reprieve for those more closely keeping tabs on macroeconomic developments and the impact this data could have on the Federal Reserve next month.
All three major indexes logged gains last week with the Dow Jones Industrial Average rising 1.1% to pace the week’s gains. On Friday, JPMorgan (JPM) led a rally in bank stocks, rising more than 7% for its best day since 2020.
“This week, the initial earnings from a few very large banks suggest that the quick work of the FDIC and Federal Reserve in the wake of Silicon Valley Bank’s failure [has] prevented broader damage,” strategists at Bespoke Investment Group wrote in a note to clients on…
This article was written by and originally published on finance.yahoo.com