These Are the 2 Stocks You Should Watch This Week
Wall Street returned from the weekend on a downbeat note, with investors finding renewed worries about macroeconomic and geopolitical issues around the world. News that China might not yet be through its latest wave of COVID-19 cases threw cold water on the idea of a quick economic recovery there, adding fuel to the idea that a global recession could be coming. As of 7 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were down 129 points to 31,181. Futures on the S&P 500 (SNPINDEX: ^GSPC) fell 22 points to 3,879, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures dropped 94 points to 12,058.
Second-quarter earnings season officially kicks off this week, with a host of companies looking to give their latest assessment of how they're faring in a difficult economic environment. In particular, investors should watch for what JPMorgan Chase (NYSE: JPM) and Delta Air Lines (NYSE: DAL) say about how the latest quarter went. Depending on whether the news there is good or bad, what JPMorgan and Delta say could easily move the entire stock market. Here's a look at what to expect.
JPMorgan Chase has seen its shares hit hard so far in 2022. After having traded for nearly $170 per share at the beginning of the year, the banking giant has seen its stock sink below $115 per share recently.
Source Fool.com
