Stock Market News For The Week – Next week will be an eventful one. There will be a lot of technology profits. US labor market And the FOMC policy meeting takes center stage. We can expect revenue from some of the biggest companies in the world. Big tech companies including Apple, Google, Amazon and Meta Platforms ExxonMobil, Pfizer, UPS, McDonald’s, Caterpillar, Starbucks and automakers Ford and General Motors will report next week, among many others.
The latest report on the labor market will arrive next week. This includes the December JOLTS report. The ADP National Employment Report tracks private sector employment. and non-farm payrolls report in January. The Federal Open Market Committee (FOMC) will gather for the first policy meeting of 2023 where interest rates are expected to be raised by 25 basis points. We will also get the latest updates on house prices with the index. Case-Shiller National Home Prices for November as well as PMI readings from the Institute for Supply Management (ISM).
Stock Market News For The Week
Investors will receive earnings reports from some of the world’s largest companies next week. These include big tech companies Apple, Amazon, Meta Platforms and Alphabet, Google’s parent company. Meta will release earnings on Wednesday, while Apple, Amazon and Alphabet will report on Thursday. Reported next week include ExxonMobil, Pfizer, McDonald’s, UPS, Caterpillar, AMD, Eli Lilly, Merck, Starbucks and automakers Ford and General Motors, among others.
Stock Market News Live Updates: Tech Leads Stocks Higher As Big Earnings Week Begins
Analysts predict one of the toughest profit seasons for big tech. As the industry faces sluggish sales and rising interest rates, Higher interest rates are likely to hurt the tech industry and other growth sectors. This requires a high level of debt to fund its growth. The cost of repayment of this debt increases as interest rates rise.
Meta-earnings per share (EPS) are expected to decline 38% to $2.25, driven by a slowdown in advertising and metavert-related losses. Despite forecasting revenue growth of 6%, analysts expected Amazon EPS to fall 83% to $0.21 as declining e-commerce sales hurt profitability. Forecasts are more optimistic for Alphabet, Google’s parent company, with EPS expected to drop 13.4% on a comparable basis.
The US labor market will be in focus next week. On Wednesday, the Labor Department will release the Job Opens and Labor Turnover Survey (JOLTS) for December. Track last month’s job openings, hiring, layoffs and partings. In addition, payroll provider ADP publishes a National Employment Report. which tracks private sector employment growth in January.
This will set the stage for the Labor Department’s nonfarm payrolls report on Friday. Economists expect the US economy to It expects to add 185,000 jobs this month, slowing from 223,000 in December. It was the slowest growth since the loss of 306,000 jobs in December 2020. The unemployment rate is expected to rise slightly to 3.6%, up from the current multi-decade low of 3.5%, matching the previous rate. an epidemic
Dow Slides 3,000 Points In Grisly Day On Wall Street, Despite Massive Intervention From Fed
On Tuesday, Federal Reserve policymakers will gather for a two-day meeting of the Federal Open Market Committee (FOMC), which concludes with a decision on interest rates on Wednesday. Traders widely expected Fed officials to raise interest rates by 25 basis points (bps), according to mutual fund futures data compiled by CME Group, which will set the benchmark federal interest rate in the 4.5-4.75% range.
The European Central Bank (ECB) and the Bank of England (BoE) will hold a policy meeting on Thursday. ECB policymakers expect to raise interest rates by 50 bps in an ongoing effort to curb record inflation in the eurozone. which hit its most recent high of 10.6% in October. BoE officials expect a further 50 bps rate hike as the UK grapples with a slowing economy and its highest inflation in more than 40 years.
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Stock Market Outlook: Ahead Of Market: 10 Things That Will Decide Stock Action On Monday
This week we have 5 full days of action for everything from penny stocks to big cap stocks. It’s not just about economic events. We’ll see the start of the latest earnings season to highlight some well-known companies. A mix of Fed and central bank talks could be a recipe for greater volatility going forward.
Last week The first few days of the new year caused stock market turmoil. But Friday’s session capped off a technically bullish week to kick off 2023. Markets have been trading in a narrow sideways channel for several weeks following the previous Fed meeting and press conference. meanwhile Minutes of the latest Fed meeting since December have confirmed what most had assumed. That is, the Fed is not planning to rearrange its stance on interest rates.
Last week’s comments from central bankers Federal Reserve Governor Lisa Cook highlighted signs that inflationary pressures may ease.
“Recent data suggests that labor wage growth has slowed somewhat over the past year…it’s important. We must be vigilant to ensure that cost pressures and pandemic-era disruptions do not affect inflation over the long term. If cost disruptions and supply disruptions keep inflation high for long enough, Household and corporate inflation expectations may move higher. This is a development that could increase pressure on inflation.”
Stock Market News Live Updates: Stock Futures Slide With Fed, Earnings, Jobs On Deck
Other Fed officials echoed that sentiment. Richmond Fed President Thomas Barkin spoke in North Carolina. “We still have work to do. inflation is too high And we will have to continue until we return to our 2 percent goal sustainably.”
The week ahead has a lot to watch and is likely to be closely watched by investors looking for clarity on the timing for the Fed. A speech featuring Fed Chairman Powell will be at the top of the list. Economic events around the world could help market swings. This includes data from China, Japan and Europe.
Monday’s schedule is one of the busiest of the week. And start early with German industrial production data from November. We will also see Eurozone unemployment and US CB employment trends before noon, Bank of England MPC member Mann spoke during lunch time. Later in the afternoon, as the Power Hour kicked off, the November US consumer credit data. Tokyo’s December CPI data is one of the more important global economic events of the week. It comes out hours after the US market closes on Jan. 9.
There were a few central bank representatives speaking Tuesday, including the ECB’s Schnabel. However, US Fed Chair Jerome Powell may be in the spotlight before the market opens. Powell starts speaking at 9 a.m. ET, which may set the tone for the first half of the week.
Penny Stocks & The Stock Market This Week: What To Watch Now
Wednesday did not take a break from the action for important economic data. Although the US mortgage data came out before the market open. But it is likely that China’s latest round of CPI data will remain market-focused. It won’t come out until 8:30 p.m. ET and could be a catalyst for Thursday’s session reminiscing.
If China’s post-market CPI isn’t enough, we’ll see US pre-market CPI, Core CPI and jobs data on Thursday. The FOMC’s Harker also commented early in the Jan. 12 session.
Friday marks the end of an important week of economic events and includes more information from the UK. The latest GDP and production figures will be reported early. In addition to rising economic data throughout the day, The central bank will also speak. Friday morning, the FOMC’s Harker will make a statement before the stock market opens at 9:30 a.m. ET.
This week begins the earning season again. Although not very active But there are some names to watch in the latest round of financial results reporting: Penny Stocks () is the top online destination for all things Micro-Cap Stocks. You’ll find comprehensive penny stock listings and discover penny stocks at . Best Buy Top Penny Stock News and Small Stock Articles 2021 is expected to be a big year for penny stocks.
S&p 500 Closes Wobbly Week At New Record High
Trading penny stocks now? Keep an eye on the stock market this week from 19 December 2022 to 23 December 2022.
What happened in the stock market this week? If you trade penny stocks or higher priced stocks What’s to come over the next 5 days may present market-moving events that set the direction for the rest of the cryptocurrency.
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