Wall Street braces for earnings wave and key inflation data
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Wall Street is preparing for a significant earnings wave with Ecopetrol, Astronics, Karman Holdings, and GrowGeneration set to report Q1 results today. Mixed expectations surround these earnings. Additionally, April's CPI is projected to rise to 3.56%, influencing Fed policy towards a neutral or tightening stance due to inflationary pressures from tariffs and conflict. Brokerages have increased their 2026 S&P 500 targets, citing strong earnings and AI growth, but caution about risks from high oil prices and narrow market breadth.
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