Schedule for the week
The US stock market this week will react to the release of important economic data on inflation in April, imports and exports as well as the OPEC report.
Stocks in the US stock market start the week lower as investors react to Fed rate hikes and monetary policy tightening amid rising US inflation.
The fall in key indices on Friday, erased the slight gains over the past month and exacerbated the bearish market picture from the start of 2022.
Last week the S&P 500, Dow Jones and Nasdaq Composite indices ended with declines of 0.21%, 0.24% and 1.54% respectively, with losses of 13.5%, 9.5% and 22.4% respectively.
Company reports on Monday
Duke Energy, Exelon, Palantir Technologies, Ovintiv, Viatris, HF Sinclair, Ringcentral, Tyson Foods and many others will release the report.
Economic data:
- Report on stock levels in wholesale warehouses;
- Report on the volume of wholesale sales;
- Labour Market Trends Index for April.
Tuesday
Expect reports from Occidental Petroleum, Sysco Corporation, Electronic Arts, Unity Software, Darling Ingredients, Builders FirstSource, Bentley Systems and many more.
Important economic data include: NFIB Business Optimism Index.
Wednesday
Reports from: Walt Disney Company, Rivian Automotive, Applovin Corporation, Amdocs, Performance Food Group, Marqeta and many more.
Also, Google will hold its annual developer conference.
Thursday
Reports from: Motorola Solutions, Tapestry, US Foods Holding, Affirm, Dillard's, Houlihan Lokey, CyberArk Software and many more.
Investors will also keep an eye on the producer price index and the latest initial and continuing jobless claims data.
Friday
On Friday, companies such as Embecta, Hippo Holdings, Terran Orbital and many others will release a report.
The week will conclude with the import price index and the University of Michigan's consumer sentiment index.
The full list of reports is here.
