Earnings season ramps up in the week ahead and investors will be paying close attention to forward guidance
Investors will be paying close attention to forward guidance, especially for comments on how companies are handling surging costs. March's consumer price index reading released last weekEarnings season is off to a decent start with 77% of S&P 500 companies reporting earnings per share above expectations according to FactSet. Seven percent of the benchmark has reported results so far.
Despite some better-than-expected results, investors sold stocks last week as they feared higher rates and inflation could darken the outlook for earnings. The S&P 500 fell 2.13% for its second negative week in a row. The Nasdaq Composite lost 2.63%, and the Dow fell 0.8% on the period. U.S. stocks did not trade Friday due to the holiday weekend.
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