After a strong November payroll dataWhile reports released last week have raised expectations of an interest rate cut in December, investors will be focused on consumer price inflation in the coming week.
Retail inflation data may provide clues in US of the Federal Reserve Final monetary policy of 2024.
In addition, market participants will also have access to Producer Price Index (PPI) data.
On the earnings front, Wall Street will be watching quarterly results from some big names including Oracle, Adobe and Broadcom.
economic calendar
A report on wholesale inventories for October will be released on December 9 (Monday).
On December 10 (Tuesday), separate reports will be released on the NFIB Optimism Index for November and US Productivity (Revisions) for the third quarter.
Consumer Price Index inflation data for November will be announced on December 11 (Wednesday).
Producer Price Index inflation data for November will be announced on December 12 (Thursday).
A report on the Import Price Index for November will be released on December 13 (Friday).
Income
The following companies are scheduled to report third quarter earnings in the coming week – Oracle, Toll Brothers, Casey’s General Stores, AutoZone, Ferguson Enterprises, GameStop, Ollie’s Bargain Outlet Holdings, Academy Sports & Outdoors, Adobe, Broadcom, Costco Wholesale and Ciena.
events
The Goldman Sachs US Financial Services Conference will begin on December 10 and the Barclays 22nd Annual Global Technology Conference will begin on December 11.
last week market
The Nasdaq and S&P 500 hit record highs on Friday after data suggested the job market remains solid enough to keep the economy going.
The Dow Jones Industrial Average fell 123.19 points, or 0.28 percent, to 44,642.52, the S&P 500 rose 15.16 points, or 0.25 percent, to 6,090.27 and the Nasdaq Composite added 159.05 points, or 0.81 percent, to 19,859.77.
For the week, the Nasdaq rose 3.3 percent, the S&P 500 gained about 1 percent and the Dow lost 0.6 percent.
In the bond market, the yield on the 10-year Treasury yield declined to 4.15 percent from 4.18 percent.
