Stocks rose last week on expectations for a Federal Reserve rate cut, and Fed Chair Jerome Powell indicated the central bank would ease policy soon.
A busy week of earnings will include market engine Nvidia and major retail names like Best Buy and Abercrombie & Fitch. The Boeing Starliner capsule will come back to Earth empty, and the astronauts it carried into orbit will return on a SpaceX craft.Stocks jumped last week as investors looked toward an expected interest rate cut in September. Federal Reserve Chair Jerome Powell bolstered a solid run for stocks when he indicated the central bank would ease borrowing costs soon. All three major U.S. indexes gained more than 1% for the week and notched their second straight positive week.
A busy week of earnings ahead will help to shape stocks. One key report will come Wednesday from market enginewhose shares have been on a torrid run. The reports come as investors look for reads on the health of consumer spending. Here are some reports to watch this week:. The NASA astronauts the craft delivered to orbit will remain at the International Space Station for six more months. They will now return on SpaceX's Dragon spacecraft in February.
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