Banking, airline earnings, AT&T, Verizon 5G rollout, housing data lead the week ahead

The week ahead will be filled with earnings from major banks and airlines, as well as key housing data.

That after stocks closed on Friday, the Nasdaq and S&P 500 made gains, while the Dow Jones Industrial Average fell.

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FOX Business takes a look at the next events likely to move Financial markets in the coming days.

Financial markets and banks will be closed Monday for Martin Luther King Day.

However, other notable events include Senator Elizabeth Warren’s deadline for the Federal Reserve to respond to questions about internal stock trades made at the start of the COVID-19 pandemic.

Additionally, FedEx is adding or increasing its shipping surcharges, and Tesla is increasing its packages for Full Self Driving to $12,000.

Earnings rise Tuesday with Bank of America, Bank of New York Mellon, Charles Schwab, Goldman Sachs and PNC Financial Services ahead of the market open. Meanwhile, Interactive Brokers and JB Hunt Transport Services will report after the bell.

On the economic data side, investors will be watching the National Association of Home Builders’ Housing Market Index. Tuesday also marks the deadline for taxpayers required to make payments on estimated quarterly taxes for the fourth quarter of 2021.

The bank earnings parade will continue on Wednesday with Citizens Financial Group, Morgan Stanley, State Street and US Bancorp ahead of the market open. Also, on the Fastenal, Procter & Gamble and UnitedHealth Group revenue register.

Meanwhile, Alcoa, Discover Financial and United Airlines will release their results after the bell.

Investors will also take into account building permits, housing starts and the latest weekly mortgage applications.

After a series of delays, AT&T and Verizon will also roll out 5G service in the C-band spectrum, which will deliver faster connectivity and upload and download speeds for millions of the telecom giants’ customers.

In recent months, the rollout has come under scrutiny based on 5G’s potential to cause interference with aircraft radar altimeters, which provide critical altitude information to pilots when operating in low-visibility environments.

Earlier this month, the companies reached an agreement with the Department for Transport to implement additional mitigation measures to give agencies more time to reduce potential impacts on commercial flights. Under the terms of the agreement, 50 airports identified as having the greatest impact on the U.S. aviation industry will be subject to C-band exclusion zones for six months. AT&T and Verizon will provide data on base stations, operating characteristics and planned deployment locations and “will continue to work in good faith with aviation stakeholders to support technical evaluation of individual altimeters and environments.” airports”.

Assuming there are no additional issues, AT&T and Verizon will be able to use their spectrum licenses without additional restrictions after July 5.

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Earnings in the spotlight Thursday include American Airlines before the market open and Netflix after the bell.

Meanwhile, economic data will include existing home sales, initial and continuing unemployment claims, and weekly crude inventories from the Energy Information Administration.

Wrapping up the week is Ally Financial and Schlumberger’s leading economic indicators and earnings index ahead of market open.

The Federal Trade Commission is also expected to rule on a challenge to Altria’s purchase of a stake in e-cigarette maker Juul.

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