U.S. markets are expected to start the week with a subdued opening, gearing up for a flurry of economic data, primary elections, and President Joe Biden's upcoming State of the Union address.
Stock Futures Snapshot
- Dow Jones Industrial Average futures took a slight dip of 29 points, less than 0.1%.
- S&P 500 futures also showed a minor decline, less than 0.1%.
- Nasdaq Composite futures saw a slight uptick of 0.1%.
Key Earnings to Watch
- Monday: Keep an eye on GitLab and Stitch Fix.
- Tuesday: CrowdStrike Holdings, Nio, Nordstrom, Ross Stores, and Target are set to report earnings.
- Wednesday: Abercrombie & Fitch, Brown-Forman, Campbell Soup, Foot Locker, and others will share their financial results.
- Thursday: Expect updates from Arhaus, BJ’s Wholesale Club, Costco Wholesale, Gap, Kroger, and more.
Economic Highlights
- Tuesday's report from the Institute for Supply Management will unveil the Services Purchasing Managers’ Index for February. Weekly Economic Highlights
This week's economic calendar is packed with important releases and events that could have a significant impact on financial markets. Here's a look at what to expect:
Wednesday:
- Bureau of Labor Statistics releasing the Job Openings and Labor Turnover Survey for January
- Federal Reserve releasing its second Beige Book of 2024
- ADP releasing its National Employment report for February
- Federal Reserve Chairman Jerome Powell testifying before the House Financial Services Committee
- Semiannual Monetary Policy Report to Congress
- Federal Reserve releasing the Financial Accounts of the U.S. for the fourth quarter
- Labor Department releasing initial unemployment benefits claims
- European Central Bank announcing a monetary policy decision
- President Biden delivering the State of the Union address
- Bureau of Labor Statistics reporting the February jobs report
Stay tuned for these key updates throughout the week.
As a professional copywriter, I understand the importance of crafting unique and creative content that stands out. It is my passion to bring a fresh perspective to every piece of writing I work on, while still staying true to the key details and objectives outlined.
Emphasizing Key Details
I strive to create engaging and captivating content that resonates with the target audience. By carefully selecting words and structuring sentences, I am able to effectively convey the message while keeping readers interested and informed.
Post a comment