Home Sales, Inflation, Costco, HP, Salesforce: Week Ahead
Key Market Events This Week
Stocks rallied last week on optimism over an Iran peace deal, with the Dow hitting a record high and the S&P 500 notching its eighth straight weekly gain. This holiday-shortened week, investors will closely monitor inflation data, home sales, and earnings from major companies.
Economic Data to Watch
The highlight is Thursday's PCE price index, with headline inflation expected to rise 3.8% year-over-year and core PCE at 3.3%. The same day brings durable goods orders and new home sales, with the latter forecast at a 663,000 annual rate. Consumer confidence and the Chicago PMI round out the week.
Earnings Reports in Focus
While the calendar is light, notable reporters include HP, Marvell Technology, and Salesforce on Wednesday, followed by Costco and Dell on Thursday. Retail giants like AutoZone, Abercrombie & Fitch, Dick's Sporting Goods, Best Buy, and Dollar Tree will also reveal quarterly results.
As markets assess the trajectory of inflation and the cooling housing sector, corporate profits will offer crucial insights into the durability of the stock rally.
Impacted Symbols
Symbols affected by this headline and their sentiment signals
Dell Technologies Inc.
The article announces that Dell's quarterly earnings will be released this week. Pre-earnings expectations may influence the stock, but since the article contains no financial results, its direct impact is limited.
HP Inc.
HP Inc. is set to report earnings this week. The news does not provide concrete data, so the direct impact on the stock is limited, though investors may position ahead of the report.
Marvell Technology, Inc.
The article reminds that Marvell Technology is among the companies reporting earnings this week. Without earnings details, the impact is limited.
Salesforce, Inc.
Salesforce's quarterly results are due this week. As the article does not include earnings numbers, its direct impact on the stock price is low.
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