Equities are bouncing back this morning, driven by strong earnings reports from Taiwan Semiconductor and major financial institutions like Goldman Sachs and BlackRock. U.S. economic data is also showing resilience, with jobless claims coming in lower than expected and significant beats in both the New York Empire State and Philly Fed Manufacturing Indices. However, recent hawkish commentary from Federal Reserve officials suggests rates may need to remain restrictive as inflation sits above target. Looking ahead, traders should watch for upcoming speeches from Fed Vice Chair Michael Barr and earnings from J.B. Hunt after the close.