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Fox Business
Fox Business
7 Apr 2023


Investors head into a busy week following the long Easter holiday weekend with the kickoff of earnings season and a key meeting of the IMF and World Bank. 

The stock market wrapped the short week mixed with the S&P 500 and the Nasdaq Composite posting fractional weekly losses, while the Dow Jones Industrial Average inched modestly higher. 

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FOX Business breaks down this week's top market events:

The World Bank and IMF Spring meetings kickoff with Kristalina Georgievea, the IMF's Managing Director and David Malpass, the President of the World Bank Group hosting a seminar on "The Way Forward" which will likely include updated projections for the global economy. 

Elsewhere, economic data includes inflation expectations which are forecast to contract as well as a speech from the John Williams, President, Federal Reserve Bank of New York.  

Tuesday marks one week until Tax Day for those still needing to file. 

IRS tax return form 1040

A blank 1040 tax return form from the IRS. (iStock / iStock)

Also, the National Labor Relations Board conduct a hearing investigating a complaint against Starbucks for alleged unfair labor practices at 4 stores.

TickerSecurityLastChangeChange % SBUXSTARBUCKS CORP.104.68-0.22-0.21%MRNAMODERNA INC.158.27+3.66+2.37%

Moderna will also be hosting its Vaccine Day with presentations from management and key opinion leaders on Moderna's mRNA vaccines and key considerations for vaccine development.

Earnings reported before markets open will include Albertsons and CarMax, with nothing of note reporting after the bell.

TickerSecurityLastChangeChange % ACIALBERTSONS COMPANIES21.05+0.11+0.53%KMXCARMAX INC.64.34+1.91+3.06%

Economic data this week will include the NFIB business optimism index.

The highly anticipated Consumer Price Index will be released which is expected dip below 6% in a sign inflation is moderating. 

In corporate news, embattled Bed Bath & Beyond is expected to report earnings before markets open as the company continues to fend off bankruptcy. 

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After the bell Rent the Runway is expected to report earnings.

TickerSecurityLastChangeChange % BBBYBED BATH & BEYOND INC.0.31-0.03-8.28%RENTRENT THE RUNWAY INC.2.77+0.10+3.75%

On Thursday earnings before markets open include Delta Air Lines and Fastenal, with nothing of note after the bell.

TickerSecurityLastChangeChange % DALDELTA AIR LINES INC.33.68+0.22+0.66%FASTFASTENAL CO.51.48-0.03-0.06%HOFTHOOKER FURNITURE18.33+0.02+0.11%PGRPROGRESSIVE CORP.147.29+0.86+0.59%

Economic data reported will include initial jobless claims and the producer price index, which like the CPI, is expected to moderate to the 3% level, falling below the 4.6% in the last read. 

On Friday investors will get the first update on the banking sector after the collapse of Silicon Valley Bank and Signature Bank. 

TickerSecurityLastChangeChange % BLKBLACKROCK INC.656.40+0.36+0.05%CCITIGROUP INC.45.86+0.09+0.20%FRCFIRST REPUBLIC BANK (SAN FRANCISCO CALIFORNIA)14.03+0.59+4.39%JPMJPMORGAN CHASE & CO.127.47-0.14-0.11%PNCTHE PNC FINANCIAL SERVICES GROUP INC.121.86+0.48+0.40%WFCWELLS FARGO & CO.37.90+1.00+2.72%UNHUNITEDHEALTH GROUP INC.512.81+3.58+0.70%

JPMorgan Chase and the much watched First Republic Bank, will report, along with PNC Financial Services Group, Citigroup, Wells Fargo and BlackRock. UnitedHealth Group is also on the docket. 

Silicon Valley Bank (SVB) logo

Destroyed SVB (Silicon Valley Bank) logo and U.S. flag is seen in this illustration taken March 13, 2023.  (REUTERS/Dado Ruvic/Illustration / Fox News)

In merger news, Canada Pacific and Kansas City Southern will officially combine. The new company will be called Canada Pacific Kansas City and will be North America’s first transnational railroad.

Kansas City Southern (KSC) Railway signage on a train

Kansas City Southern (KSC) Railway signage is displayed on a freight car parked at a rail yard in Kansas City, Missouri, U.S., on Tuesday, Jan. 7, 2020. (Photographer: Whitney Curtis/Bloomberg via Getty Images / Getty Images)

Economic data to round out the week will include import prices, export prices, retail sales, industrial production, business inventories, and University of Michigan's consumer sentiment index. The CSI is expected to remain steady near it's 4 month low around 64.

Jessica MacKenzie contributed to this story.