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HomeBusinessWall Street Week Ahead: Investors Eye Inflation, Industrial Production Data

Wall Street Week Ahead: Investors Eye Inflation, Industrial Production Data


Stock market investors on Wall Street over the next week will be keeping an eye on key economic data, including the consumer price index, producer price index and industrial production report.

In addition to the US economic data, investors will also focus on some key earnings, including Coca-Cola, Shopify, Cisco and Sony.

Economic events

On February 13, data on the consumer price index (CPI) for January will be published.

January US retail sales data and January industrial production data will be released on February 15.

January Producer Price Index (PPI) data will be released on February 16.

Profits

The following companies are due to report their quarterly earnings next week:

Arista Networks, Avis Budget Group, The Goodyear Tire & Rubber Company, Coca-Cola, Shopify, Airbnb, Marriott International, Datadog, Molson Coors Beverage Company, Hasbro, Airbnb, Biogen, Upstart Holdings, Lyft, Cisco, Sony, The Kraft Heinz Company, Global Payments, Twilio, QuantumScape, Applied Materials, Deere, Stellantis, DoorDash, The Wendy’s Company, Coinbase Global, SunPower, Roku, TC Energy and Vulcan Materials.

Markets last week

On Friday (Feb. 9), the Dow Jones Industrial Average fell 54.64 points, or 0.14 percent, to 38,671.69, the S&P 500 gained 28.70 points, or 0.57 percent, to 5,026.61 and the Nasdaq Composite gained 196.95 points, or 1.25 percent. , up to 15,990.66.

The benchmark 10-year U.S. bond yield rose 0.7 basis points to 4.177 percent, from 4.17 percent late Thursday. The 2-year bond yield rose 3.2 basis points to 4.4883 percent, from 4.456 percent late Thursday.

The US dollar fell to 149.37 yen from 149.40 Japanese yen. The euro rose to $1.0785 from $1.0775.

Benchmark U.S. crude oil for March delivery rose 62 cents to $76.84 a barrel on Friday. Brent crude for April delivery rose 56 cents to $82.19 a barrel.

Gold for April delivery fell $9.20 to $2,038.70 an ounce. Silver for March delivery fell 5 cents to $22.59 an ounce.

Here is your complete three-minute summary of everything Finance Minister Nirmala Sitharaman said in her Budget speech: Click to download!

Check out all the business news, market news, breaking news events and latest news updates on Live Mint. Check out the latest action on Budget 2024 here. Download The Mint News app for daily market updates.

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Posted: Feb 11, 2024, 10:31 pm IST



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