By Liz Moyer
Investing.com — Stocks surged on Monday, putting last week’s downturn in the rearview mirror as strong earnings from Bank of America (NYSE:) and other financial companies helped lift the major indexes.
This is a busy week for earnings, with more than 60 companies on deck to report, including Tesla (NASDAQ:), Netflix and Procter & Gamble (NYSE:).
Investors have been worried that central bank actions will ultimately be too aggressive and tip economies into recession. That worry weighed on stocks in the U.S. last week, with analysts another 0.75 percentage point increase in November. That would be the Federal Reserve’s fourth such move in a row as it works to tame inflation.
Overseas, turmoil in U.K. markets has also added pressure to the U.S. trading session, but that eased up on Monday after the U.K.’s new finance minister canceled nearly all the tax cuts previously announced by Prime Minister Liz Truss.
Analysts and investors will be listening to what corporate chiefs have to say this week about consumer spending habits and their outlook for the remainder of the year.
Here are three things that could affect markets tomorrow:
1. Johnson & Johnson earnings
Johnson & Johnson (NYSE:) is expected to report earnings of $2.52 a share on revenue of $23.5 billion.
2. Netflix earnings
Netflix Inc (NASDAQ:) is expected to report earnings of $2.18 a share on revenue of $7.8 billion, and analysts will be looking closely at subscriber numbers as the streaming giant prepares to roll out a less expensive paid-ad tier.
3. Goldman Sachs earnings
Wall Street’s Goldman Sachs Group Inc (NYSE:) is expected to report earnings of $7.80 a share on revenue of $11.4 billion amid a slump in deal making.
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