Market Insider

Here's what markets are looking for one week into Trump administration

President Donald Trump
Saul Loeb | AFP | Getty Images

Markets get a blast of economic news Friday, including fourth-quarter GDP, but the focus will be on what other actions President Donald Trump will take in his first week on the job.

Besides Trump, traders are looking for any clarity from congressional Republicans at a retreat in Philadelphia this week. Trump meets with U.K. Prime Minister Theresa May, his first official meeting with a world leader, and their comments on a trade deal and the U.K.'s exit from the European Union will be closely watched.

There are also a few big earnings including Chevron, Honeywell, UBS and American Airlines Group. Action from some of Thursdays' late earnings reports could also spillover Friday. Alphabet stock was lower in after-hours trading after missing earnings estimates.