Wall Street โขfaces a pivotal week as investors brace for earnings reports from Tesla โฃand Netflix, alongside the release of a delayed Consumer Price Index (CPI)โ report, all against a backdrop of ongoing โmarket volatility.the confluence โof โฃthese events will test the resilience โฃof a market already rattled by concerns overโข inflation, interest rate hikes, and slowing economic growth.The upcoming data and corporate โคdisclosures areโฃ crucialโ for gauging theโค health ofโข the economy and corporateโ America. A hotter-than-expected CPI reading could โfuel fears of further aggressive Federalโ Reserve tightening,potentially triggeringโค another sell-off in stocks andโฃ bonds. โขConversely, weaker-than-anticipated data might offer some respite, but could also signal aโค deeper economic slowdown. Tesla’s earnings will be closely watched for signs of demand erosion in the electric vehicle market, while Netflix’s subscriber numbers โwill provide insight intoโ the streaming giant’s ability to navigate increasedโค competition.
Tesla reports earnings after the close on Wednesday, โฃwith analysts expecting adjusted earnings of 98 centsโ per โshare on revenue of $23.36 billion, according to Refinitiv data. Netflix follows on Thursday, with a consensus estimate of $3.20 per share on revenueโค of $8.54 billion. The CPI report, delayed from its usualโค Friday release due to the Martin Luther โKing Jr. โholiday, is now scheduled for release on Tuesday. Economists forecast a 0.1% increase in the CPI and a 0.3% riseโ inโ core CPI.