After a weak jobs report stoked fears of US economic recession last week, Wall Street investors will stay cautious and closely watch the upcoming economic data in the week ahead. A report on Friday showed hiring by US employers slowed in July by much more than economists had expected. Next week, reports on US services … Read more
Next Week, Wall Street will see two key economic reports on industrial production and retail sales, and second quarter results of several major companies such as streaming giant Netflix, Goldman Sachs, Bank of America, Abbott Laboratories, and Johnson & Johnson. After Federal Reserve Chairman Jerome Powell’s testimony to the US Congress last week, investors will … Read more
Next week, Wall Street will see several key economic data such as the Federal Reserve minutes, employment numbers, S&P final US manufacturing PMI, and trade deficit data. Job openings data for May and nonfarm payrolls report for June are likely to be the major focus of the stock market participants. Last Friday, a report showed … Read more
Wall Street investors in the week ahead will be eyeing the US Federal Reserve preferred inflation gauge – PCE, and the personal income and spending data. Among the other crucial data, the second revised estimate of first quarter GDP (gross domestic product) growth and May home sales numbers are due in the week ahead. The … Read more
On Wall Street in the week ahead, the stock markets would be guided by key economic data such as US retail sales and factory output among others. The holiday-shortened week will also see few big earnings such as IT and consulting services firm Accenture and supermarket chain Kroger. Economic events On June 17 (Monday), data … Read more
On Wall Street in the week ahead, spotlight will be on the jobs data for May, among other economic reports. The jobs data holds significance as it will be the last economic report before the Federal Reserve’s upcoming monetary policy meet on June 11-12. Investors are hoping for a interest rate cut in the next … Read more
In the holiday-shortened week ahead on Wall Street, focus of investors will be on the US Federal Reserve’s preferred inflation gauge – the core personal consumption expenditure (PCE) price index, and few major earnings that include Dell, Best Buy, and Costco. The core PCE data has the potential to influence the markets. The US stock … Read more
US stocks were muted on Wednesday ahead of chip giant Nvidia’s quarterly results and the US Federal Reserve’s policy meeting minutes. Nvidia, based in Santa Clara, California, will release its first quarter earnings after the market close on Wednesday. Nvidia’s stock is the third largest on Wall Street, following its more than 92% surge this … Read more
US stocks were mixed on Monday, as investors awaited quarterly results from Nvidia and the Federal Reserve’s policy meeting minutes due on Wednesday. At the opening bell, the Dow Jones Industrial Average fell 13.83 points, or 0.03%, to 39,989.76. The S&P 500 was higher by 2.08 points, or 0.04%, at 5,305.35, while the Nasdaq Composite … Read more
On Wall Street in the week ahead, the spotlight will be on the minutes of the Federal Reserve’s last monetary policy meeting and first quarter earnings from the chip giant Nvidia. Both the events are scheduled for Wednesday. In other economic developments, investors will closely watch for Fed chair Jerome Powell’s commencement remarks and home … Read more