By Sam Boughedda
Investing.com – Stocks rebounded on Wednesday despite new data on producer prices that showed inflation running at multi-decade highs.
Investors appear to have gotten used to seeing hot inflation. Falling bond yields are energizing tech investors, who have swooped in to buy big tech names.
After JPMorgan Chase & Co (NYSE:JPM)’s earnings miss today, there will be another spate of banks tomorrow, including Goldman Sachs and Citigroup . This is the start of earnings season, with many S&P 500 companies expected to report a surge in both revenue and costs.
Delta Air Lines Inc (NYSE:DAL) cast a note of positivity on the travel sector, saying huge demand for travel is helping it offset rising fuel costs. That is expected to bode well for other airlines, as well as hotels and other travel and leisure stocks.
Thursday will be the last trading day of the week in the U.S., as investors take a long holiday weekend pause. Then markets return next week for an onslaught of earnings. Congress is also on holiday until later this month.
Here are three things that could affect markets tomorrow:
1. Goldman earnings
After JPMorgan reported on its latest quarter today, other banks, including Goldman Sachs Group Inc (NYSE:GS) and Citigroup, are set to report on Thursday.
Focusing on those two specifically, Goldman's will report before the open with analysts polled by Investing.com expecting earnings per share of $8.97 on revenue of $11.98 billion.
2. Citigroup earnings
Citigroup Inc (NYSE:C) will also report before the bell. Analysts forecast earnings per share of $1.51 on revenue of $18.32 billion.
3. Retail sales
U.S. retail sales data will be released at 8:30 AM ET. Analysts expect month-on-month retail sales for March to rise to 0.6% from the 0.3% reported previously.