The S&P 500, Nasdaq Composite and Dow Jones indices finished trading on Friday with declines of -0.72%, -1.23% and -0.68%, having lost -1.58%, -1.76% and -1.9% last week respectively. Shares in sectors such as energy, telecom services and financials performed the worst.
Markets continued to be negatively influenced by expectations of Fed policy tightening amid record inflation, as well as worries about the unstable geopolitical situation around the events in Ukraine.
Wall Street analysts expect it to be another volatile week for the markets.
There will also be a stock market holiday on Monday due to Presidents' Day.
Tuesday will see the release of reports by companies such as: Home Depot, Public Storage, Palo Alto Networks, Agilent Technologies, Realty Income, CoStar Group, Caesars Entertainment, Teladoc Health, KBR, Inc., National Storage Affiliates Trust and others.
Conference Board will release the consumer confidence index for February.
The Bureau of Economic Analysis (BEA) will report its second estimate of US GDP for the fourth quarter of 2021.
On Friday, important personal consumption expenditure inflation data for January 2022 will be released, which the Fed will take into account when making decisions.
Other important reports include Durable Goods Orders data as well as the University of Michigan's Consumer Sentiment Index.