economy
Here are the 3 big things we're watching in the stock market this week
Earnings season kicks off as investors remain focused on Middle East conflict.
TL;DR
- Peace talks between the U.S. and Iran failed, leading to uncertainty and potential escalation, including a U.S. Navy blockade of the Strait of Hormuz.
- Earnings season begins with reports from Goldman Sachs, Wells Fargo, and Johnson & Johnson, with focus on dealmaking, trading desks, NDFI exposure, and pharmaceutical performance.
- The producer price index (PPI) will be released, serving as a leading indicator for consumer inflation, with expectations of increased wholesale prices due to energy costs.
- The stock market will be closely monitoring oil prices as a barometer for the likelihood of a resolution to the Iran conflict.
- Specific focus areas for earnings reports include Goldman Sachs' dealmaking environment and trading desk performance, Wells Fargo's exposure to nondepository financial institutions and net interest income, and Johnson & Johnson's key drug sales and MedTech segment performance.