Over the past few days, Wall Street saw stock indices climb to record levels after the Republican candidate and former President donald trump Won a resounding victory in the US elections against Vice President Kamala Harris.
The US Federal Reserve’s latest quarter-point interest rate cut also boosted market sentiment.
In the coming week, Wall Street will see a lot of economic events and some big companies will report their earnings.
Amid economic data, investors will keep a close eye on consumer inflation and retail sales numbers next week.
economic calendar
A report on the NFIB Optimism Index for October will be released on November 12 (Tuesday).
Consumer Price Index (CPI) data for October will be released on November 13 (Wednesday).
Producer Price Index (PPI) data for October will be released on November 14 (Thursday). Federal Reserve Chairman Jerome Powell will deliver a speech in Dallas, Texas.
On November 15 (Friday), separate reports will be released on the Empire State Manufacturing Survey for November, US retail sales for October and industrial production for October.
Income
The following companies are scheduled to report third-quarter earnings in the coming week – Live Nation Entertainment, Aramark, Zeta Global Holdings, Talos Energy, ENGIE, The Home Depot, AstraZeneca, Shopify, Spotify, Occidental Petroleum, Tyson Foods, Cisco Systems, New Holdings , Alcon, CyberArk Software, Tower Semiconductor, Walt Disney, Applied Materials, JD.com, Talen Energy, Advance Auto Parts, Alibaba Group Holding, Copart, Williams-Sonoma and Spectrum Brands Holdings.
stock market
US stocks He set more records on Friday, finishing with his best week in a year.
The Dow Jones Industrial Average rose 351.19 points, or 0.80 percent, to 44,080.53. The S&P 500 rose 34.43 points, or 0.58 percent, to 6,007.53 and the Nasdaq Composite added 35.69 points, or 0.18 percent, to 19,305.15.
In the bond market, long-term Treasury yields declined. The yield on the 10-year Treasury fell to 4.30 percent from 4.33 percent.
