Despite a lackluster session on Friday, stocks clinched a second straight winning week as investors brace for the start of first quarter earnings season in the week ahead.
Last week, the S&P 500 (^GSPC) rose more than 3.5%, the Dow Jones Industrial Average (^DJI) rose 3%, while the tech-heavy Nasdaq Composite (^IXIC) gained over 4%.
All three indexes remain in the red for the year but are within 1% of erasing all of the year’s losses.
This coming week, big bank earnings will feature on the calendar, with JPMorgan (JPM), Wells Fargo (WFC), Bank of America (BAC), and Citi (C), alongside investment banking giants Morgan Stanley (MS) and Goldman Sachs (GS), all set to report results.
From the tech world, Netflix (NFLX) is also expected to report its first quarter results. The economic data calendar will be relatively quiet.
Traders will also keep close tabs on…
