Fed meeting, FOMC Dot-Plot, CPI inflation data will be in focus this week.Apple is a sell with WWDC Event on deck.Stocks on Wall Street finished mostly higher on Friday to notch a winning week after a robust U.S. jobs report fueled investor optimism about a soft landing for the economy.The blockbuster week ahead is expected to be an eventful one filled with several market-moving events, including the Federal Reserve’s latest monetary policy meeting.
Oracle is scheduled to release its fiscal fourth quarter earnings report after the U.S. market closes on Tuesday at 4:05PM ET. A call with Chief Executive Officer Safra Catz as well as Chairman and Chief Technology Officer Larry Ellison is set for 5:00PM ET. Wall Street sees the Austin, Texas-based database giant earning $1.65 per share for the May-ending quarter, about 1% lower than a year earlier.
The five-day extravaganza will kick off at Apple’s headquarters in Cupertino, California on Monday, June 10, beginning with a keynote address by CEO Tim Cook that is set to take place at 1PM ET / 10AM PT. Apple’s WWDC event has a history of moving AAPL stock, often resulting in sizable single day moves. In the past, shares have rallied in the three trading days leading up to the event and then underperformed in the three days following.AAPL stock ended Friday’s session at $196.89, its highest closing price since December 19, 2023. Shares currently stand less than 2% away from the record high of $199.62.
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