There is no doubt that this coming week will be all about trade policy. However, we still have a couple of economic reports to contend with, and Q1 earnings begin on Friday. Let's look at the incoming economic data.
Shares of Wells Fargo fell 7% during Friday's session. President Donald Trump's sweeping reciprocal tariffs have sparked a sell-off in financial markets.
The brokerage highlighted that the outlook for residential demand for Enphase’s products remains challenged due to worsening sentiment with respect to the Inflation Reduction Act.
The EV maker's stock closed Wednesday higher after reports suggested CEO Elon Musk — who has been actively engaged with the Trump administration on efficiency initiatives — would return full-time to his businesses soon.
Interestingly, Intel is on track to achieving former CEO Pat Gelsinger’s target of reaching the “five nodes in four years” plan as the veteran sought to bring the company back on track.
