Markets Await Key Inflation Data and Bank Earnings as Investors Monitor Recession Risk
- Investors are looking to economic reports and earnings from major banks for indications on interest rate hikes and the strength of the economy.
- The S&P 500 ended little changed while the Nasdaq fell as tech stocks declined.
- Energy stocks rose but fears of a slowdown weighed on the overall market.
- Major US banks including JPMorgan Chase, Wells Fargo, and Citigroup will report earnings Friday, which could provide insight into the state of the economy.
- The Federal Reserve's next meeting is in May, and policymakers are monitoring data to determine the pace of rate increases.