Wall Street Week before: Technical stocks in focus after the release of tariff on consumer electronics, investors eye economic data | Einsmark news

After wild fluctuations in recent trading sessions on Wall Street and Global Markets, powered by the chaos of US President Donald Trump’s multi-leading trade war, investors will follow the economic developments carefully in the coming week. The United States and China’s tariff fight raised the fear of a lasting trade war between the world’s two largest economies. Trump announced a 90-day break on the livestock rates on Wednesday, affecting more than 75 countries, while increasing the lifting on China to 125% from 104%. In the week ahead, the release of economic data, including retail sales, industrial production, export and import price index, and business stock. In the earnings calendar, large companies such as Goldman Sachs, J&J, Bank of America, Citigroup, United Airlines and Abbott Labs are expected to report the results of the first quarter during the week. Technical shares in focus shares of technology companies will be in focus, as the Trump administration has released a series of consumer electronics from its criminal import tariffs. Late Friday, a statement from the US Customs and Border Protection Office said smartphones, laptops, memory chips and other products will be excluded from the global levies that Trump imposed a week ago. Economic calendar on April 15 (Tuesday) will be released separate reports on the import price index for March and Empire State Manufacturing Survey for April. On April 16 (Wednesday), separate reports on US retail sales for March, industrial production for March, capacity utilization for March, February business stock and the trustee index of home builder for April. On April 17 (Thursday), the initial unemployed claims for the week ended April 12, the housing starts for March, building permits for March, and the production of the manufacture of Philadelphia Fed for April. Earnings to businesses will report the first quarter earnings in the coming week – Goldman Sachs, FB Financial, J&J, Bank of America, Citigroup, United Airlines, Abbott Labs, Child Morgan, Taiwan Semiconductor, UnitedHealth, Blackstone and KeyCorp. Markets last week US stock indices achieved good profits on Friday, as Big Banks kicked off the first quarter’s earnings season. The Dow Jones industrial average rose 619.05 points, or 1.56%, to 40,212,71, the S&P 500 scored 95.31 points, or 1.81%, to 5,363,36 and the Nasdaq compost scored 337.15 points, or 2.06%, to 16.724,46. All three most important benchmarks ended the session sharply higher after the assurance of Boston Federal Reserve President Susan Collins that the Fed is willing to make financial markets function if the need arises. First published: 13 Apr 2025, 22:16 IST