USB - After Mixed Bank Results And Economic Data Can Tech Earnings Restore The Calm?
2024-01-23 01:00:00 ET
Summary
- Regional banks and economic data add to market jitters last week, tech comes to the rescue.
- The LERI shows corporate uncertainty easing to its lowest level in nearly two years.
- In focus this week: Netflix, Tesla, International Business Machines, Intel.
- Peak weeks for Q4 season run from January 29-March 1.
Mixed earnings results and strong economic data out last week induced some market jitters and a VIX that rose to its highest level in over two months.
After lackluster big bank results at the kickoff of the Q4 2023 season, Goldman Sachs ( GS ) and Morgan Stanley ( MS ) started off last week on a more positive note....
After Mixed Bank Results And Economic Data, Can Tech Earnings Restore The Calm?