After the short week in which stocks fell, now the focus will be on the earnings.
Last week, geopolitical, not economic, concerns dominated the headlines as only the major U.S. bank earnings out Thursday provided investors with market-moving headline data to key off.
In the week ahead, investors will have a fairly quiet economic data calendar, but earnings will begin heating up.
FactSet’s John Butters notes that first quarter earnings growth is forecast to hit 9% for the S&P 500 — and the potential for disappointment is high.
During a week that saw the “mother of all bombs,” United’s customer service, and North Korea dominate the conversation, President Trump’s comments on the dollar and the future of Federal Reserve Chair Janet Yellen were the biggest story of the week.
Source: Yahoo Finance
Junior Trader Ivan Ivanov
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