Weekly Stock Market Recap: Inflation and Earnings Season Impact Indices.

The S&P 500 ETF Trust gained following encouraging inflation data and a strong start to Q1 earnings season. The Federal Reserve's March meeting minutes suggest a potential recession later this year due to the recent banking crisis. Billionaire investor Warren Buffett predicts more bank failures to come but assures depositors they won't be hurt. Bitcoin prices topped $30,000 for the first time since June 2022. JPMorgan Chase reported record revenue in Q1, boosting its 2023 net interest income guidance by $7 billion. More quarterly reports from Bank of America, Tesla, Taiwan Semiconductor, and AT&T are expected this week. Analysts anticipate a more than 10% drop in Q1 earnings in several S&P 500 sectors.