Wall Street Week Ahead: Investors to focus on March employment, retail sales, Powell’s speech amid ongoing Mideast war
Wall Street is preparing for a turbulent week ahead due to the ongoing Middle East crisis and its impact on market sentiment. Investors will focus on key economic indicators, including the March employment report, retail sales, and Powell's speech, amid rising oil prices and geopolitical tensions.
Wall Street is bracing for a turbulent week ahead as the Middle East crisis intensifies. The conflict has fueled investor anxiety, boosting demand for safe-haven instruments like gold and US Treasuries. The energy sector is under scrutiny following the US-Israeli military strike against Iran. Brent crude surged 10% to approximately $80 per barrel. Key economic indicators are expected, including the February payrolls report and manufacturing PMI data. Earnings season continues with results from major companies like Alibaba and Broadcom. The S&P 500 fell 29.98 points to 6,878.88, while the Dow Jones Industrial Average fell 521.28 points to 48,977.92. Investors are selling off shares in companies perceived as vulnerable to the AI transition. Market sentiment was dampened by a higher-than-expected inflation report.
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