Investors will be monitoring cryptocurrency as the bitcoin halving is expected to ✅occur on Saturday, or perhaps earlier, and the reduced availability of the coin is expected to have an🐎 impact on its price. 

Earnings reports continue this week, with several financial institutions on deck to issue quarterly financial results, including Goldman Sachs (GS), American Express (AXP), Bank of America (BAC), Morgan Stanley (MS), and Charles Schwab (SCHW). Netflix (NFLX), United Airlines (UAL), and Procter & Gamble (PG) are also set to report earnings. 

Market watchers can also expect comments from several Federal Reserve officials,ඣ while regional economic data and housing market repoꦰrts are also scheduled.

Monday, April 15

• New York Fed's Empire State manufacturing survey (April)
• U.S. retail sales (March)
• Business inventories (February)
• Homebuilder confidence (April)
• Dallas Fed President Lorie Logan and San Francisco Fed President Mary C. Daly deliver remarks
• Goldman Sachs, Charles Schwab, and M&T Bank (MTB) report earnings

Tuesday, April 16

• Housing starts (March)
• Building permits (March)
• Industrial production (March)
• Capacity utilization (March)
• UnitedHealth Group (UNH), Johnson & Johnson (JNJ), Bank of America, Morgan Stanley, BNY Mellon (BK), PNC Bank (PNC), and United Airlines report earnings

Wednesday, April 17

• Mortgage applications (Week ending April 12)
• Federal Reserve Beige Book
• Abbott Laboratories (ABT), U.S. Bancorp (USB), Travelers Cos. (TRV), Citizens Financial (CFG), First Horizon (FHN), and Discover Financial Services (DFS) report earnings

Thursday, April 18

• Initial jobless claims (Week ending April 13)
• Philadelphia Fed manufacturing survey (April)
• Existing home sales (March)
• U.S. leading economic indicators (March)
• New York Fed President John C. Williams and Atlanta Fed President Raphael Bostic deliver remarks
• Netflix, Intuitive Surgical (ISRG), and Infosys (INFY) report earnings

Friday, April 19

• Chicago Fed President Austan Goolsbee delivers remarks
• Procter & Gamble, American Express, Fifth Third Bancorp (FITB), and Huntington Bancshares (HBAN) report earnings

Saturday, April 20

• Possible bitcoin halving event

Bitcoin Halving Eyed for Saturday

Cryptocurrency investors will be anticipating the bitcoin (BTCUSD) halving, a periodic event that potentially influences price movements in the largest cryptocurrency by market capitalization. It’s uncertain exactly when the 澳洲幸运5官方开奖结果体彩网:bitcoin halving will occur, 🌸but experts believe it will come on Saturday, or perhaps even sooner.  

In the past, bitcoin has reached new highs after its halving events, but it's not known if the heightened scarcity of the cryptocurrency will have the same effect this time. Bitcoin halvings are part of its underlying technology, in which the rewards for bitcoin “miners” are periodically slashed in half, 澳洲幸运5官方开奖结果体彩网:reducing the rate that new bitcoin is issued. 

澳洲幸运5官方开奖结果体彩网:Cryptocurre🀅ncies have gained in anticipati🦩on of the halving, with bitcoin prices hovering near the 澳洲幸运5官方开奖结果体彩网:all-time-high it set in March. However, while past halvings have sent the cryptocurrency higher, experts said that the 澳洲幸运5官方开奖结果体彩网:market condition🙈s around this event arꦫe different. For example, new spot bitcoin 澳洲幸运5官方开奖结果体彩网:exchange-traded funds (ETFs) have changed market dynamics this year, and ther♋e has been a decline in the amount of bitcoin available to trade. 

Bank Earniಞngs Co𒉰ntinue, With Notable Health Care, Tech Reports Also on Tap

After big banks kicked off the latest earnings 👍season last Friday, more financial institutions are set to follow, with healthcare and tec🔯h firms also highlighting this week’s reporting calendar.

Goldman Sachs leads the way on Monday, coming after it reported strong growth in its 澳洲幸运5官方开奖结果体彩网:asseꦅt and꧟ wealth management business for the fourth quarter. Tuesday features the report from Morgan Stanley, coming days after a report that 澳洲幸运5官方开奖结果体彩网:regulators were probing the bank’s wealth management arm. On Wednesday, Discover Financial Services delivers its financial results after the February announcement that it was 澳洲幸运5官方开奖结果体彩网:being acquired by Capital One (COF). Closing the week is American Express (AXP), which reports its earnings after it last quarter gave strong full-year guidance and boosted its div🍸idend. 

Health insurer UnitedHealth Group reports on Tuesday amid reports that it’s 澳洲幸运5官方开奖结果体彩网:under antitrust investigation, with Johnson & Johnson also delivering financial resul🧔ts that day. Abbott Laboratories reports on Wednesday and Intuitive Surgical reports on Thursday.

Other noteworthy earnings this week include Netflix’s report on Thursday, with the streamer looking to keep up its 澳洲幸运5官方开奖结果体彩网:momentum in subscriber growth.  Consumer products giant Procter & Gamble’s report on Friday will show whether 澳洲幸运5官方开奖结果体彩网:higher prices♒ continue to fuel revenue growth. 

Federal Reserve Speꦗeches and Economic Indicators

Investors will be listening to remarks from several Federal Reser🦄ve speakers this week, as the officials continue to deliver their reaction to changing economic data.

San Francisco Fed President Mary C. Daly, New York Fed President John C. Williams, and 🌜Atlanta Fed President Raphael Bost꧑ic are all scheduled to deliver remarks during the week. 

While the Fed has forecast three interest rate cuts for 2024, a 澳洲幸运5官方开奖结果体彩网:surging jobs report and 澳洲幸运5官方开奖结果体彩网:hotter-than-expected inflation has prompted some officials to raise questions about whether the Fed would be able to follow up with that projection. 澳洲幸运5官方开奖结果体彩网:Several Fed officials last week said that recen♈t inflation data has caused them to reconsider rate-cut schedules, arguing that they need to see more data showing price increases 🦂slowing before moving to trim rates. 

Investors will also get an update on regional business conditions this week. The Federal Reserve banks in New York and Philadelphia will release surveys of business from their regions, while the 澳洲幸运5官方开奖结果体彩网:Beige Book will include summaries of economic conditions in all 12 Fed regions.

Correction—April 16, 2024: This article was updated to reflect that United Airlines releases its financial results on Tuesday, April 16, 2💫024.