From Nasdaq: 2024-04-08 09:50:36

Major stock indices showed slight gains on Monday, with positive sentiment as first-quarter earnings season kicks off this week. Key reports from JPMorgan, Wells Fargo, and Citigroup are expected. Investors are also eyeing U.S. economic data, including consumer inflation. Fed officials are set to speak, with market expectations for possible interest rate cuts in the coming months. Last week saw Wall Street ending higher, with notable stock movements. Nonfarm payrolls data reported significant job growth in March. Fed officials like Dallas Fed President Lorie Logan cautioned against immediate rate cuts due to inflation concerns. Rate futures show expectations for a potential rate cut in June. U.S. Treasury Secretary Yellen emphasized the need for China to shift its policies in future talks. Economic data from Germany and the Eurozone release, along with Asian market updates. BlackRock, Delta Air Lines report earnings this week along with big banks. Expectations are high for the U.S. consumer inflation report in a busy week for data and earnings.



Read more at Nasdaq: Stocks Muted as Investors Await U.S. Inflation Data and Big Bank Earnings