Over the coming week, Wall Street investors will need to consider big earnings from Lee Auto, Lowe’s, eBay, Domino’s Pizza, Salesforce and others, as well as some important economic data.
Economic data could shed further light on consumer sentiment and whether inflation is still easing.
The primary focus will be on inflation data from the U.S. government’s January Personal Consumption and Expenditures (PCE) report, which the Federal Reserve recommends as a measure of inflation.
economic events
The Conference Board will release this month’s Consumer Confidence Report on February 27th.
Fourth quarter GDP (gross domestic product) statistics (first revision) will be announced on February 28th.
The PCE index will be released on February 29th of this month, and the S&P US manufacturing PMI data (final value) will be released on March 1st.
revenue
The following companies are expected to report quarterly earnings next week—
Workday, Li Auto, Domino’s Pizza, Zoom Video, Lowe’s, American Tower, AutoZone, eBay, Salesforce, Royal Bank of Canada, Baidu, HP, Snowflake, Anheuser-Busch InBev, Toronto-Dominion Bank, Dell Technologies, Autodesk, Plug Power , fuboTV.
US market last week
On Friday, the S&P 500 Index rose 1.77 points, or 0.03%, to end at 5,088.8 points, while the Nasdaq Composite Index fell 44.80 points, or 0.28%, to 15,996.82 points. The Dow Jones Industrial Average rose 62.42 points, or 0.16%, to 39,131.53.
For the week, the S&P 500 rose 1.7%, the Dow rose 1.3% and the Nasdaq finished up 1.4%.
The dollar fell to 150.47 yen from the Japanese yen’s 150.56 yen. The euro rose to $1.0824 from $1.0823.
The yield on the 10-year Treasury note was 4.26% on Friday, down from its previous close of 4.33%.
Benchmark U.S. crude oil for April delivery fell $2.12 to $76.49 per barrel on Friday. Brent crude oil for April delivery fell $2.05 to $81.62 per barrel.
Gold for April delivery rose $18.70 to $2,049.40 an ounce. Silver for March delivery rose 20 cents to $22.98 an ounce.
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