Wednesday sees the release of the US CPI for August.US Retail Sales for August arrive on Thursday and are expected to add 0.2% MoM.lost 1.3% last week but attempted to rebound on Friday though the index lost much of its gains toward the end of its session. The market is more sanguine on Monday, and the S&P 500 advanced 0.4% at the open. Both the Dow Jones Industrial Average and the NASDAQ Composite are trading slightly above the S&P 500's performance. release for August.
Friday gives us the preliminary Michigan Consumer Sentiment Index for September. Analysts are shooting for 69.5, the same reading as August but lower than July’s 71.6. A higher reading tends to be bullish for the US Dollar and bodes well for the strength of the US economy.Legacy tech giant Oracle kicks off the week with its fiscal first quarter 2024 earnings coming after Monday’s close. Consensus on Larry Ellison’s firm is split down the middle.
Lennar will give the equity market a chance to assess the US housing market. Lennar is one of the largest homebuilders in the US, and shareholders have to wonder how badly mortgage rates topping 8% are going to put a lid on new home sales. The consensusThe S&P 500 is a widely followed stock price index which measures the performance of 500 publicly owned companies, and is seen as a broad measure of the US stock market.
Monday’s open places the S&P 500 index just below the 9-day Simple Moving Average . Breaking above that SMA will also give traders confidence that the index is moving toward a positive week. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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