Stock Market This Week: Tariff Tantrum Returns & Mixed Banking Picture

Market Overview - Markets recovered from last Friday's selling, with the Nasdaq and Russell both closing about 2.5% higher, the S&P adding 1.75%, and the Dow increasing by 1.5% [1] - All 11 sectors showed positive performance, with communications rallying 2.6%, real estate up 3.4%, and technology closing more than 2% higher [1] Gold Market - Gold futures climbed from 4,000 on Monday to nearly 4,400 on Friday, closing the week more than 5% higher [2] Trade Tensions - Renewed trade tensions between the US and China contributed to market volatility, with President Trump downplaying the addition of 100% tariffs on China and China responding with sanctions against US shipping units [3][4] Earnings Season - JP Morgan Chase reported a revenue jump to 47 billion, while Goldman Sachs also posted strong earnings, although both closed lower for the week [5] - Citigroup saw a rally of 3.3% due to strong dealmaking and trading revenue, while Wells Fargo jumped 7.3% after raising targets for returns on common equity [5][6] Regional Banks - Regional banks experienced a sell-off of more than 6% on Thursday after Zion's Bank Corp announced a $50 million charge due to apparent misrepresentations and defaults in loans [6] - However, regional banks rebounded with a 1.6% rally on Friday [7] Upcoming Events - The upcoming CPI report is expected to draw attention to inflation, especially with the government shutdown ongoing [7] - Major companies such as Tesla, IBM, Netflix, and Intel are anticipated to be in the spotlight during the earnings season, along with reports from GE Aerospace, GE Vernova, Texas Instruments, General Motors, and American Airlines [7]