FOMC To Release Minutes Of March Meeting, Delta Air Lines Earnings In Focus

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Wall Street’s major market averages ended mixed on Thursday as markets assessed President Donald Trump’s address to the nation and the latest developments in the Middle East conflict. Trump said the U.S. will strike Iran “extremely hard” over the next two to three weeks, warning the country would be pushed “back to the stone ages,” though he indicated talks with Tehran remain ongoing. On a sector-by-sector basis, five of the 11 S&P segments concluded in the red, with consumer discretionary at the bottom. At the other end of the spectrum, real estate was the strongest performer.

The next week will feature a slew of important economic data, beginning with ISM Non-Manufacturing PMI, business activity data for March on Monday. The FOMC’s minutes of the meeting will be released on Wednesday, with Fed Governor Philip Jefferson’s speech scheduled for the same day. The quarterly GDP data, PCR price index data, and jobless claims data are due on Thursday. Inflation numbers along with the Fed’s balance sheet will be released on Friday.

Delta Air Lines (DAL), Applied Digital (APLD), and BlackBerry (BB) are among the companies reporting their results next week.

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Earnings spotlight: Tuesday: Levi Strauss (LEVI). See the full earnings calendar.

Earnings spotlight: Wednesday: Delta Air Lines, Applied Digital. See the full earnings calendar.

Earnings spotlight: Thursday: BlackBerry. See the full earnings calendar.

Volatility watch: CoreWeave (CRWV) and Cytokinetics (CYTK) are set up for a volatile week of trading based on options volume. The most overbought stocks per their 14-day