The coming week is going to be busy for Wall Street investors as they will see important inflation data, as well as producer and consumer price reports being announced.
In addition to other economic data, market participants will also have retail sales and industrial production reports to monitor.
This week will also see earnings reports from major banks JP Morgan, Goldman Sachs, Wells Fargo and Citigroup.
economic calendar
On January 14 (Tuesday), separate reports will be released on NFIB Optimism Index for December, Producer Price Index (PPI) for December and Fed Beige Book.
On January 15 (Wednesday), separate reports on the Consumer Price Index (CPI) for December and the Empire State Manufacturing Survey for January will be unveiled.
Initial figures on January 16 (Thursday) Useless Claims for the week ending January 11, US retail sales for December and the Philadelphia Fed manufacturing survey for January will be announced.
Separate reports on housing starts for December and industrial production for December will be released on January 17 (Friday).
Income
The following companies are scheduled to report fourth-quarter earnings in the coming week – Applied Digital, JPMorgan Chase, Wells Fargo, Goldman Sachs, Citigroup, Kinder Morgan, UnitedHealth, Bank of America, Morgan Stanley, PNC Financial Services Group, US Bancorp, Truist Financial, Schlumberger, Fastenal, State Street, and Regions Financial.
last week market
US stocks They closed lower on Friday after better jobs data raised fresh inflation fears and boosted bets that the Federal Reserve will be cautious in cutting interest rates this year.
Higher-than-expected jobs growth could translate into a faster economic expansion, which could lead to higher consumer prices.
The Dow Jones Industrial Average fell 696.75 points, or 1.63 percent, to 41,938.45, the S&P 500 fell 91.21 points, or 1.54 percent, to 5,827.04 and the Nasdaq Composite dropped 317.25 points, or 1.63 percent, to 19,161.63.
A report from the Labor Department showed that job growth unexpectedly accelerated in December, while the unemployment rate fell to 4.1 percent.
In the bond market, the yield on the 10-year Treasury rose to 4.76 percent from 4.68 percent. The yield on 2-year Treasuries rose to 4.38 percent from 4.27 percent.
