Earnings season is in full swing in the second half of April, with several Dow blue-chips making headlines. Fiscal first quarter earnings are expected to show steady progress in terms of revenue and profit, a sign that Wall Street is returning to profitability after a prolonged period of instability.
The economic calendar has a light schedule this week, with data on the U.S. housing market set to make headlines. The real estate market has shown resilience in the face of rising interest rates, a sign that more plentiful jobs and pent-up demand are enough to fuel the recovery – at least for now.
Consumer data and bank earnings were the main market movers last week. Compare this week’s Market Glance with the April 10 edition by clicking here.
The start of earnings season is a great time to brush up on dividend investing fundamentals. Check out our Dividend Investing 101 section to learn how to become a more effective income investor.