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13 June 2022
3425
2 min.
41
Schedule for the week
US indices fell sharply on Friday, posting their biggest weekly percentage decline since January, as a rise in US consumer prices in May heightened investor fears of an aggressive interest rate hike by the Federal Reserve. Shares of technology and growth companies, whose market valuations are more dependent on future cash flows, led the fall.
At the end of the day the Dow Jones was down 2.73% on the New York Stock Exchange, the S&P 500 was down 2.91% and the Nasdaq Composite was down 3.52%.
This week is also full of important news.
Monday
On Monday, expect reports from Staffing 360 Solutions Inc., Auto Parts 4Less Group Inc., Blade Air Mobility, Armstrong Flooring, Teton Advisors, Advaxis, Nuveen New York AMT-Free Quality Municipal Income Fund, Biotricity Inc., Basic Energy Services, BioElectronics, Beacon Roofing Supply and many others.
As for economic data, NY Fed 1-year inflation expectations and NY Fed 3-year inflation expectations are expected at 11am.
Tuesday
On Tuesday, reports are expected from: Motorcar Parts of America, BeyondSpring, Culp Inc., Currency Exchange International, IDW Media Holdings, Kaspien Holdings and others.
Tuesday will also bring the NFIB small-business index (May) and the Producer price index final demand (May).
Wednesday
Reports from: Educational Development Corp., Marine Products Corporation, Lifeway Foods, MamaMancini's Holdings, Haivision Systems, John Wiley and Sons Inc. and others.
Retail sales (May), Retail sales excluding vehicles (May), Import price index (May), Empire state manufacturing index (June), NAHB home builders index (June), Business inventories (April), and Fed Chair Jerome Powell will hold a news conference at 2pm.
Thursday
Reports from: Adobe, Kroger Co., Jabil, Commercial Metals Company, NextDecade, Smith and Wesson, Republic First Bancorp, TeraWulf Inc., Beyond Air, Bit Digital, Singularity Future Technology, Steel Connect, Enservco, Hoth Therapeutics and others.
In terms of economic data, Thursday will see Initial jobless claims (June 11), Continuing jobless claims (June 4), Building permits (SAAR) and Housing starts (SAAR) for May.
Friday
Economic data for May:
Industrial production index;
Capacity utilization;
Leading economic indicators.
For a full list of the earnings calendar click here.
Persons1 and Companies40 in the news
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