What's next for the market after new S&P and Dow highs

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Seana Smith Berita

Dow Jones Industrial Average,Personal Consumption Expenditures,Madison Mills

Catalyst hosts Seana Smith and Madison Mills take a look at the market and what’s next after the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI...

) closed at fresh record highs. On Tuesday, the announcement of a stimulus package from China’s central bank and dovish commentary from some Federal Reserve officials sent stocks higher. Investors are likely to be closely watching for the Personal Consumption Expenditures price index print on Friday and any labor market data.Coming after the S and P and the Dow both closed at record highs on the back of that big stimulus push stimulus push from China and also do commentary from Fed officials.

We had a China Beige book official saying that this stimulus from the Chinese government could be a real sea change.Morgan then saying not so fast on that So I think the next big focus, of course, is going to be the labour market data.We've got those initial jobless claims coming in tomorrow and two Fridays to go before that NFP print that is going to be a critical one for the market and also real quick.

And she is still worried about the fact that inflation is still up significantly when you compare it on year over year basis, going back to the start of the pandemic and we are expected to see improvement on Friday. And also just a further indication that the Fed's battle here to tame inflation does seem to be, if at least not now, getting closer and closer to being in the rearview mirrorAnna Delvey gives blunt one-word response after early Dancing with the Stars elimination

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