Market Insider

Donald Trump could influence the 'Trump rally' in the week ahead

Donald Trump
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President-elect Donald Trump takes center stage with his first postelection news conference Wednesday, and traders are looking for more details around the promises that have helped drive the Dow up 9 percent since Election Day.

Another test for the rally will be the start of fourth-quarter earning seasons, and first up are financials, the leaders of the Trump rally with a near 18 percent gain since Nov. 8. JPMorgan Chase, Bank of America, Wells Fargo, PNC Financial and others report Friday.

Earnings for the are expected to increase by 6.1 percent in the fourth quarter, but the S&P financial sector earnings are expected to have the biggest gains, with earnings up 15.7 percent, according to Thomson Reuters.