Wall Street on Monday: Investors eyes US economic data, disturbances in the Middle East escalates
Following Iran’s attack on Israel, investors will also be keenly monitoring the growing geopolitical tensions in the Middle East. According to a military spokesman, Israel is ready to defend itself by doing “whatever is necessary.”
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The US economic data, such as the retail sales and industrial production reports, as well as the quarterly earnings reports from significant corporations like Netflix, Goldman Sachs, Morgan Stanley, Bank of America, and Abbott Laboratories, will be the main focus for Wall Street investors this coming week.
Following Iran’s attack on Israel, investors will also be keenly monitoring the growing geopolitical tensions in the Middle East. According to a military spokesman, Israel is ready to defend itself by doing “whatever is necessary.”
Forthcoming Economic Happenings
The Empire State manufacturing survey for April, the home builder optimism index report for April, and statistics on US retail sales for March are scheduled to be issued on Monday, April 15.
On April 16, Jerome Powell, the chair of the US Federal Reserve, is also expected to release some insights. On Thursday, April 18, existing home sales statistics for the month of March will be made available.
Quarterly Earnings
Goldman Sachs, Charles Schwab, M&T Bank, UnitedHealth, Johnson & Johnson, Bank of America, Morgan Stanley, Rio Tinto, United Airlines, Abbott Laboratories, U.S. Bancorp, Kinder Morgan, VinFast Auto, Las Vegas Sands, CSX, Netflix, Blackstone, Ally Financial, Taiwan Semiconductor Manufacturing, Intuitive Surgical, Procter & Gamble, and American Express are among the companies scheduled to release their quarterly earnings next week.
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