Well, let's take a look ahead of the event short of markets tomorrow,
we've got a big slate of earnings on tap all coming up before the
bell on a Friday and time for some of America's biggest banks to report.
So we're going to get JP Morgan City Group P N
C Wells Fargo all set to release quarterly results tomorrow morning.
These will be closely watched after that banking crisis and the US
saw the failure of several regional lenders like Silicon Valley Bank.
Well,
the banks will want to show investors that they
don't have the same liquidity issues as those collapsed.
Lenders.
Analysts do expect JP Morgan Citigroup and Wells Fargo to
show increased sales and profits for the first quarter.
But the big concern for the banking sector is how much higher rates
will go.
So we'll be watching that closely
after getting new inflation data these past few days,
we'll get an updated look at March retail sales tomorrow as
the US Census Bureau is set to release the March 2023
advanced monthly retail report at 8 30 AM Eastern.
It's going to give us a glimpse into consumer spending amid still high inflation
and retail sales in February reaching $697 billion.
That was down 4% from the previous month,
but up more than 5% from February of last year.