Finance Week Ahead: More Earnings, Housing Data, First Pass at Q1 GDP
All eyes have been on Boston this past week following the tragic Marathon bombings on Monday. Friday brought a historic lockdown for the city amid a dramatic manhunt.
It has been hard for news junkies to focus on much else this week, but the rout on Wall Street and massive plunge in gold were dominating financial news headlines on Monday before the bombing. Now we're ending a week that has been the worst on Wall Street yet this year; the S&P 500, down 2.1%, hasn't seen a performance this weak since last November.
Next week will be another big one for earnings, with Apple (which closed below $400 this week for the first time since 2011) in keen focus. We'll also see a slew of housing data and get a look at first estimates for Q1 GDP. And, of course, we'll be following any new developments in Boston.
Here are some key things to look out for over the next week:
Friday, April 19-Sunday, April 21: IMF and World Bank spring meetings take place in DC
Monday, April 22
Key earnings: Caterpillar (CAT), Halliburton (HAL), Hasbro (HAS), Netflix (NFLX), Texas Instruments (TXN)
A busy week of housing data kicks off with existing home sales at 10:00 a.m. ET
Other data: Chicago Fed national activity index
Secretary of State John Kerry will visit Belgium for NATO meetings
China: PMI flash manufacturing index
Tuesday, April 23
Key earnings: Apple (AAPL), DuPont (DFT), Travelers (TRV), Delta (DAL), AT&T (T), Panera Bread (PNRA), Yum Brands (YUM)
More housing numbers come in with the FHFA home price index at 9:00 a.m. ET and new home sales at 10:00 a.m. ET
Other data: PMI manufacturing index, Richmond Fed manufacturing index
Wednesday, April 24
Key earnings: Barclays (BCS), Boeing (BA), Credit Suisse (CS), Ford (F), Eli Lilly (LLY), GlaxoSmithKline (GSK), P&G (PG), Sprint Nextel (S), Zynga (ZNGA)
Shareholder meetings: InBev (BUD), Ceasars Entertainment (CZR), Citigroup (C), Dupont, Coca-Cola (KO), GE (GE)
Data: MBA mortgage applications, durable goods orders, oil inventories
Treasury Secretary Jack Lew will testify to the House Appropriations Committee on the international programs budget
There will be a House Space subcommittee hearing on the fiscal year 2014 NASA budget
Thursday, April 25
Key earnings: ConocoPhillips (COP), ExxonMobil (XOM), UPS (UPS), Starbucks (SBUX)
Annual advance GDP, by industry, from the Bureau of Economic Analysis
Bank of Japan rate announcement
Japan CPI
Data: Weekly jobless claims, natural gas inventories, Fed balance sheet/money supply
Shareholder meetings: Barclays, J&J (JNJ), Herbalife (HLF), NYSE Euronext (NYX), Pfizer (PFE), Intuitive Surgical (ISRG)
Jack Lew will testify again before the House Appropriations Committee on the budget
Secretary of Health and Human Services Kathleen Sebelius testifes to the House Appropriations Committee on the budget
The NFL draft begins
Friday, April 26