Wall Street opens the final session of a turbulent week with cautious optimism, as major US indices have rebounded approximately 9% since the March 31 low, returning to pre-war levels despite ongoing tensions in Iran. Futures contracts on the main indices are stabilizing around opening levels, with modest gains of about 0.2%. The focus is shifting back to the technology sector and AI, even as oil prices linger near $100 per barrel.
Next week marks the start of earnings season, with the financial sector kicking off on Monday. Key reports from Goldman Sachs and FB Financial will be closely watched, especially following the recent inflation data from the BLS, which showed CPI inflation at 3.3%, slightly below expectations. This data, along with a notable divergence between headline and core inflation, could influence market sentiment and sector performance.
Investors should keep an eye on AI-related stocks, as companies like CoreWeave and Lumentum Holdings are seeing gains driven by strong demand, while others like Palantir face challenges amid competitive pressures. The upcoming earnings reports and macroeconomic indicators will be crucial for shaping market direction in the near term.
Source: xtb.com