Investors Eye Earnings and Fed Signals, Wall Street Remains Quiet.

1 min read
Source: Reuters
Investors Eye Earnings and Fed Signals, Wall Street Remains Quiet.
Photo: Reuters
TL;DR Summary

Wall Street's main indexes were little changed on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could provide cues on when the central bank will pause its monetary tightening. While banking heavyweights including JP Morgan Chase & Co reaped windfalls from higher interest payments, focus will be on smaller banks that were at the center of last month's banking turmoil and forecasts from companies amid recession worries. Analysts expect profits at S&P 500 companies to have declined 4.8% in the first quarter of 2023 from the year-earlier period, according to Refinitiv data, a slight improvement from last week's forecast of a 5.2% decline.

Share this article

Reading Insights

Total Reads

0

Unique Readers

10

Time Saved

2 min

vs 3 min read

Condensed

79%

529109 words

Want the full story? Read the original article

Read on Reuters