Corporate earnings take center stage amid tariff turmoil: What to know this week

Key Points

  • Stocks ended the week higher despite tariff-related turbulence, with the S&P 500 (^GSPC) having its best week in over a year.
  • Tariff exemptions for key tech products like smartphones and laptops could benefit companies like Apple and Nvidia.
  • Investors are focusing on upcoming quarterly financial reports from major corporations like Goldman Sachs, Bank of America, and Netflix.
  • Economic data, particularly the March retail sales report, will be closely watched for signs of consumer spending trends.

Summary

The stock market experienced a volatile week driven by tariff news, yet ended higher with the S&P 500 (^GSPC) marking its best performance in over a year. Despite this, the index is still down 6% since President Trump's April 2 tariff announcement. The Nasdaq (^IXIC) and Dow Jones (^DJI) have also seen declines of about 5% over the same period. Looking ahead, investors are particularly interested in any new tariff developments, especially after news of exemptions for tech products like smartphones and laptops, potentially boosting companies like Apple and Nvidia. Additionally, the market is bracing for quarterly earnings from major firms including Goldman Sachs, Bank of America, and Netflix. Economic indicators, such as the upcoming March retail sales report, are anticipated to provide insights into consumer spending amidst fears of a recession due to ongoing tariff uncertainties. The bond market's recent sell-off adds another layer of complexity, with rising Treasury yields potentially impacting stock market volatility.

yahoo
April 13, 2025
Stocks
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