U.S. stocks fell to start the week as investors prepared for fresh inflation data and corporate earnings that could influence the Federal Reserve’s path for interest-rate increases.
Investors are awaiting corporate earnings reports for indications of how much higher prices and weaker consumer sentiment have eroded companies’ profits.
Major financial firms including JPMorgan Chase and Morgan Stanley are scheduled to report earnings on Thursday, followed by BlackRock, Citigroup and Wells Fargo on Friday. The KBW Nasdaq Bank Index fell about 0.9% on Monday.
Many household-name firms are also set to post earnings this week, including PepsiCo on Tuesday and Delta Air Lines on Wednesday. These are going to be huge bellwethers on consumer confidence, on spending.
What's your move this week?
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