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NASDAQ Composite (^IXIC)
- Yahoo Finance Video
How Q1 earnings have driven markets
Robust earnings have been a driving force behind the market's gains. First quarter earnings contributed to a 5.4% year-over-year growth for the S&P 500 (^GSPC), according to FactSet. To provide insights into the market's momentum as earnings season continues, NYSE Senior Market Strategist Michael Reinking joins Catalysts. As markets brace for a combination of inflation reports and earnings releases, Reinking notes that this week is also an options expiration week, a dynamic that could potentially heighten volatility. However, he points out that "positioning is more normalized" these days. Notably, with economic data and earnings pointing to growth, Reinking suggests there are "asymmetric risks to the upside from a market perspective." "I think markets want to see that moderation, because...that's kind of that precursor to seeing that disinflationary process start to play out," Reinking tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Yahoo Finance
Stock market today: Stocks wobble with inflation data in focus
Attention is on this week's CPI report, seen as a potential starting gun for Fed rate cuts.
- Yahoo Finance Video
CPI out this week, retail earnings, Biden tariffs: 3 Things
Market futures (^DJI, ^IXIC, ^GSPC) are having a refreshed outlook after all three of the major indices closed last week in the green. Stocks are preparing for the Consumer Price Index's (CPI) inflation data expected out on Wednesday, May 15. Amidst this week's CPI report, Wall Street is laser-focused on top retailers Home Depot (HD) and Walmart (WMT) who will be reporting earnings on Tuesday, May 14, and Thursday, May 16, respectively. Lastly, President Biden is expected to announce new tariffs sanctioned against China on Tuesday, which could significantly impact imports such as Chinese semiconductors and EVs. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
