Investors Brace for Shapella, RNDR Shows Technical Strength
Apr 10, 2023
Author
Market Update Investors are bracing for a week of critical economic data, including CPI and PPI data for March, which will be released on Wednesday and Thursday, respectively. Investor concerns about the possibility of another rate hike rose following Friday's robust employment data. Nonfarm payrolls saw an increase of 236,000, close to the Dow Jones estimate of 238,000, while the unemployment rate dropped to 3.5%. In addition to economic data, major banks, including JPMorgan Chase, Wells Fargo, and Citigroup, are set to report their Q1 results on Friday, which should shed additional light on