Coming off a relatively staid past week in the markets, investors step into a packed five-day stretch as second quarter earnings kick off in force, with a healthy selection of economic data releases on the calendar to boot.
S&P 500 (^GSPC) closed out Friday up 0.4% for a gain of 1.2% on the week. The Dow gained 0.3% on Friday but still closed the week on a loss of 0.5%. The Nasdaq picked up 0.3% on Friday to close the week up 1.7%.
After a slow trickle of mostly minor earnings reports throughout the last month, the big banks unofficially kick off the earnings season this week.
JPMorgan Chase (JPM), Goldman Sachs (GS), Bank of America (BAC), Wells Fargo (WFC), and Citibank (C) all report on Tuesday, followed by Morgan Stanley (MS) and fellow financial services giant BlackRock (BLK) on Wednesday.
Other names to watch include pharmaceutical leader Johnson & Johnson (JNJ), industrial giant Kinder Morgan (KMI), and airline leader United Airlines (UAL) on Wednesday, followed by AI bellwether Taiwan Semiconductor Manufacturing Company (TSM), tech bastion Netflix (NFLX), and healthcare leader UnitedHealth (UNH) on Thursday.