Over the coming week, Wall Street stock market investors will be closely watching inflation data, among other economic reports.
Upcoming economic reports could provide investors with clues about the U.S. Federal Reserve's plans to cut interest rates this year.
Last week, investors' expectations for interest rate cuts rose following comments from Federal Reserve Chairman Jerome Powell and the US employment data.
Powell said the U.S. central bank is “not far off” from having enough confidence that inflation is on track to 2%, the Fed's target to start cutting interest rates.
economic events
The Consumer Price Index (CPI) report for February will be released on March 12th.
On March 14th, a report on February US retail sales and February Producer Price Index (PPI) will be released.
The February industrial production report is scheduled to be released on March 15th.
Please also read: Why Nvidia stock is plummeting after rising 80% year-to-date — explained
revenue
The following companies are scheduled to report quarterly results next week – Oracle, Casey's General Stores, Asana, On Holding, Kohl's, International Game Technology, Dollar Tree, Petco Health and Wellness, Williams-Sonoma, Lennar, and DICK'S Sporting Goods. , Dollar General, Adobe, Blink Charging, Ulta Beauty, and Jabil.
US market last week
On Friday, the Dow Jones Industrial Average fell 68.66 points, or 0.18%, to close at 38,722.69, the S&P 500 fell 33.67 points, or 0.65%, to close at 5,123.69, and the Nasdaq Composite Index fell 188.26 points, or 1.16 points, to close at 5,123.69. %) fell. , ending at 16,085.11.
The yield on the two-year note fell to 4.48% from 4.51% late Thursday.
The dollar fell against the Japanese yen from 148.02 yen to 147.06 yen. The euro fell to $1.0942 from $1.0947.
On Friday, the U.S. crude oil benchmark for April delivery fell 92 cents to $78.01 a barrel. Brent crude oil for May delivery fell 88 cents to $82.08 a barrel.
Gold for April delivery rose $20.30 to $2,185.50 an ounce. Silver for May delivery fell 3 cents to $24.55 an ounce.
In overseas stock markets, indexes were mixed in Europe, but rose slightly in most regions of Asia.
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