U.S. investors are in for another choppy week as Wall Street strategists turn more cautious on equities.
Investors will pay close attention to the numbers, and especially guidance, for clues about the health of the consumer and the impact that inflation pressures, supply-chain constraints and a tight labor market are having on profitability.To date, 459 companies in the S&P 500, or just over 90% of the benchmark index, have posted January through March results, with the numbers coming in well ahead of forecasts.
U.S. stocks were trending lower overnight as the retail sector will be in focus this week with several key names set to report quarterly results. In energy trading, benchmark U.S. crude rose over 3% to $114.20 per barrel, while Brent, the international benchmark, rose over 2% to $114.24. The Associated Press contributed to this report.
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