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Wall Street’s major market averages traded lower on Friday as U.S. President Donald Trump extended the pause on attacks against Iran’s energy infrastructure into April. Chip and AI-related stocks were largely in the red as the U.S.-Israel-Iran war neared a month and U.S. President Donald Trump extended the pause on attacks against Iran’s energy infrastructure into April. On the conflict front, President Trump described talks with Tehran as “going very well.” However, an Iranian official dismissed a reported U.S. proposal to end the conflict as “one-sided and unfair.”
A slew of major economic data is scheduled for the coming week. It will begin with Federal Reserve Chair Jerome Powell’s speech, where investors will look out for cues on the broader economy. Consumer confidence data, JOLTS job openings, and Chicago PMI are due on Tuesday. On Wednesday, major economic data, including ADP nonfarm employment change for March, retail sales data for February, and S&P Global manufacturing PMI numbers for March, will be released. Initial jobless claims numbers are scheduled to be released on Thursday, with nonfarm payrolls and the unemployment rate for March due on Friday.
Nike (NKE) and Beyond Meat (BYND) are among the companies reporting their results next week.
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Earnings spotlight: Tuesday: Nike, Beyond Meat. See the full earnings calendar.
Earnings spotlight: Wednesday: ConAgra (CAG). See the full earnings calendar.
Volatility watch: AXT (AXTI) and Bloom Energy (BE) are set up for a volatile week of trading based on options volume. The most overbought stocks per their 14-day
