The Dow Jones Industrial Average could finish the day with sizable gains as geopolitical flares between the U.S. and Iran are now in check. And investors have a busy week of earnings to look forward to.
More on Iran, and who’s set to report earnings this week, below.
Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 28,823.77 -133.13 -0.46 S&P 500 3,265.35 -9.35 -0.29 Nasdaq 9,178.86 -24.57 -0.27
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
The Top Stock Market Stories for Monday The markets are gearing up for the start of earnings season this week. Today features a light roster of reports, but things kick into full gear on Tuesday. Expect reports from JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC), and Citigroup Inc. (NYSE: C). Investors will pay close attention to banking reports to get a better sense of how financial companies are faring in the low-interest-rate environment. Today, we’ll also get a few clues into the future of interest rate policy. Federal Reserve Bank of Boston President Eric Rosengren and Federal Reserve Bank of Atlanta President Raphael Bostic will both speak on monetary policy later today.
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Oil prices will try to bounce back from their worst year since July 2019. Last week, oil prices spiked on speculation that Iran would