Market Strategy

Inflation will take center stage in a holiday-shortened week with the Friday release of the Personal Consumption Expenditures (PCE) index, showing whether price pressures continued to cool in April. Markets are closed on Monday for the Memorial Day holiday. Investors will be eyeing tech earnings this week, with Salesforce (CRM) and Dell (DELL) likely to grab attention.

Artificial intelligence (AI) darling Nvidia (NVDA) is set to report earnings after markets close on Wednesday, in what could be a highlight of this week's events. The chipmaker is expected to post another strong quarter of earnings and revenue growth amid a surge in demand for AI. 

On Friday, the Dow Jones Industrial Average (DJIA) concluded its eighth straight day of gains, marking its best week in 2024. The index increased by 125.08 points, or 0.32%, finishing at 39,512.84. Meanwhile, the S&P 500 rose by 0.16% to close at 5,222.68, but the Nasdaq Composite declined marginally by 0.03%, ending the day at 16,340.87.

Corporate earnings and comments from Federal Reserve speakers highlight a relatively light week for economic data.

Several big technology and telecommunication companies will release their first-quarter 2024 financial reports this week, with electric vehicle (EV) maker Tesla’s (TSLA) Tuesday report sure to attract significant investor interest, followed by earnings later in the week from Meta Platforms (META), Microsoft (MSFT), Google (GOOGL), Intel (INTC), and other leading companies.

Fresh inflation figures and big banks' first-quarter earnings reports headline data for this week. The Consumer Price Index (CPI) inflation data for March comes in on Wednesday, with Federal Reserve officials keeping a close eye on prices as they weigh future interest rate cuts.

As markets return to a full week of trading, investors will be watching for labor market data throughout the week, including the U.S. payroll report on Friday.

Market watchers will be focused on comments from Federal Reserve Chair Jerome Powell on Wednesday after this week’s decision on interest rates, which are expected to remain unchanged. Friday is the deadline for passage of several government spending bills, risking a shutdown if a legislative package or extension isn’t approved by then. Corporate earnings reports will come in from Micron […]

Investors will be watching the Consumer Price Index (CPI) inflation reading this week, as will Federal Reserve representatives who are in the quiet period before the Fed’s next meeting.

Politics and updates on the state of the U.S. economy could take the spotlight during the first full week of March, with the President’s State of the Union address, congressional testimony from Federal Reserve Chair Jerome Powell, and Super Tuesday primary elections set to come. Friday’s jobs report will offer an update on the employment […]

Market watchers this week will likely be eager for Thursday’s release of the Personal Consumption Expenditures (PCE) Price Index—the Federal Reserve’s preferred measure of price changes—as Fed officials seek more evidence that inflation is easing. Following the release, several Fed officials will make public remarks, giving investors their impressions of the inflation report and other economic data.

U.S. financial markets will be closed Monday for the Presidents Day holiday, but after markets reopen Tuesday, investors can look forward to a slew of earnings reports this week from Nvidia (NVDA), Walmart (WMT), Home Depot (HD), Palo Alto Networks (PANW), and more. Intel (INTC) will also launch its first annual conference for its growing foundry business.