Over the coming week, Wall Street stock market investors will be looking at U.S. economic data such as retail sales and industrial production statistics, as well as quarterly results from major companies such as Netflix, Goldman Sachs, Morgan Stanley and Bank of America. All eyes will be on the financial results report. Abbott Laboratories.
Investors are also keeping an eye on escalating geopolitical tensions in the Middle East following Iran's attack on Israel. An Israeli military spokesperson said Israel was ready to do “whatever is necessary” to defend itself.
Also read: Indian stocks may remain unfazed by Iranian retaliation unless Israel responds
economic events
On Monday, April 15th, the March U.S. Retail Sales, April Empire State Manufacturing Business Index, and April Home Builder Confidence Index report will be announced.
On April 16th (Tuesday), the industrial production statistics for March and the number of housing starts for the same month will be announced.
Federal Reserve Chairman Jerome Powell is also scheduled to speak on the same day.
Existing home sales statistics for March are scheduled to be released on Thursday, April 18th.
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The following companies are expected to report quarterly results in the coming weeks – Goldman Sachs, Charles Schwab, M&T Bank, UnitedHealth, Johnson & Johnson, Bank of America, Morgan Stanley, and Rio Tinto. , United Airlines, Abbott Laboratories, US Bancorp, Kinder Morgan, VinFast Auto, Las Vegas Sands, CSX, Netflix, Blackstone, Ally Financial, Taiwan Semiconductor Manufacturing, Intuitive Surgical, P&G, American Express.
Also read: More stock market news
US market last week
U.S. stocks fell on Friday (April 12) after a mixed start to earnings season. Stock markets were also spooked by concerns about the possibility of escalating tensions in the Middle East.
The Dow Jones Industrial Average fell 475.84 points, or 1.24%, to $37,983.24. The S&P 500 Index fell 75.65 points, or 1.46%, to 5,123.41, and the Nasdaq Composite Index fell 267.10 points, or 1.62%, to 16,175.09.
The dollar fell against the Japanese yen from 153.24 yen to 153.22 yen. The euro fell from $1.0726 to $1.0638.
The yield on the 10-year U.S. Treasury note fell to 4.51% on Friday from 4.58% late Thursday.
The price of benchmark U.S. crude oil for May delivery rose 64 cents on Friday to $85.66 a barrel. Brent crude for June delivery added 71 cents to $90.45 a barrel.
Gold for June delivery rose $1.40 to $2,374.10 an ounce. Silver for May delivery rose 8 cents to $28.33 an ounce.
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