Bank earnings, US-Iran talks, and signs of stability for stocks: What to watch this week

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rose 3%, while the tech-heavy Nasdaq Composite (^IXIC) gained over 4%.All three indexes remain in the red for the year but are within 1% of erasing all of the year's losses.This coming week, big bank earnings will feature on the calendar, with JPMorgan (JPM), Wells Fargo (WFC), Bank of America (BAC), and Citi (C), alongside investment banking giants Morgan Stanley (MS) and Goldman Sachs (GS), all set to report results.From the tech world, Netflix (NFLX) is also expected to report its first quarter results. The economic data calendar will be relatively quiet.Traders will also keep close tabs on developments out of the Middle East, with the US and Iran set for high-level negotiations on the tenuous ceasefire this weekend in Pakistan.Last week's two most important economic data points on Friday were, on the one hand, unnerving for investors — inflation surged by the most in four years, and consumer sentiment hit a record low.On the other hand, both data points gave insight into a period that may have been fleeting.The Consumer Price Index for March showed headline prices rose 0.9% last month, the largest monthly increase in inflation since June 2022. This was mostly due to the surge in energy prices that followed the onset of the US-Iran war. And though the outlines of that conflict winding down remain fragile, there is hope that oil prices — the main source of this inflation — might stop going higher in the weeks ahead.Similarly, the University of Michigan's first look at consumer sentiment in April showed its index falling to a record low. Almost all (98%) of these responses, however, were gathered before the ceasefire was announced last Tuesday.Packages of ground beef are displayed in a grocery store on April 6 in Los Angeles. (Justin Sullivan/Getty Images) · Justin Sullivan via Getty ImagesOliver Allen, senior US economist at Pantheon Macroeconomics, wrote Friday that the decline in sentiment points to a slowdown in spending, "even if the extent of the deterioration it signals is less clear."Similarly, Rick Rieder, chief investment officer of global fixed income at BlackRock, wrote in a note after the CPI data that these readings "are not point-in-time indicators, but rather they reflect a pricing trend over a certain period of time."Which means, in Rieder's view, that what matters more than one month's inflation print is what "shocked higher oil, natural gas, other industrial commodities, including gases such as helium etc., means for the global economy in the period ahead."Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 71,148.81 -2,095.20 (-2.86%)CL=F Crude Oil May 26 96.57 -1.30 (-1.33%)ETH-USD Ethereum USD 2,202.50 -67.73 (-2.98%)XRP-USD XRP USD 1.33 -0.03 (-1.90%)BTC-CAD Bitcoin CAD 98,494.86 -2,900.48 (-2.86%)PortfolioSign in to access your portfolioSign inTop gainersOGN Organon & Co. 8.83 +1.92 (+27.79%)XNDU Xanadu Quantum Technologies Limited 8.96 +1.31 (+17.12%)ALAB Astera Labs, Inc. 149.05 +19.59 (+15.13%)MANE Veradermics, Incorporated 68.80 +8.82 (+14.70%)TTMI TTM Technologies, Inc. 121.49 +13.96 (+12.98%)Top losersFSLY Fastly, Inc. 23.07 -6.39 (-21.69%)AKAM Akamai Technologies, Inc. 91.35 -18.26 (-16.66%)FICO Fair Isaac Corporation 922.37 -149.98 (-13.99%)SEZL Sezzle Inc. 59.71 -9.42 (-13.62%)NET Cloudflare, Inc. 166.99 -26.06 (-13.50%)Most activeNVDA NVIDIA Corporation 188.63 +4.69 (+2.55%)PLTR Palantir Technologies Inc. 128.06 -2.48 (-1.90%)HOLX Hologic, Inc. 76.01 +76.01 (0.00%)INTC Intel Corporation 62.38 +0.66 (+1.07%)CRWV CoreWeave, Inc. 102.00 +10.00 (+10.87%)Top economic eventsEarnings eventsMy earnings eventsEarnings events