Wall Street faces a pivotal week as investors brace for earnings reports from Tesla and Netflix, alongside the release of a delayed Consumer Price Index (CPI) report, all against a backdrop of ongoing market volatility.the confluence of these events will test the resilience of a market already rattled by concerns over inflation, interest rate hikes, and slowing economic growth.The upcoming data and corporate disclosures are crucial for gauging the health of the economy and corporate America. A hotter-than-expected CPI reading could fuel fears of further aggressive Federal Reserve tightening,potentially triggering another sell-off in stocks and bonds. Conversely, weaker-than-anticipated data might offer some respite, but could also signal a 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 will provide insight into the streaming giant’s ability to navigate increased competition.
Tesla reports earnings after the close on Wednesday, with analysts expecting adjusted earnings of 98 cents per share on revenue of $23.36 billion, according to Refinitiv data. Netflix follows on Thursday, with a consensus estimate of $3.20 per share on revenue of $8.54 billion. The CPI report, delayed from its usual Friday release due to the Martin Luther King Jr. holiday, is now scheduled for release on Tuesday. Economists forecast a 0.1% increase in the CPI and a 0.3% rise in core CPI.
