Earnings and Fed Chair Powell will again drive markets in the week ahead

With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. Powell made what were taken as a very dovish string of comments during his media briefing following the Federal Open Market Committee's rate hike announcement Wednesday.

Reports from Apple, Amazon and Alphabet were all released after the closing bell Thursday. While Apple's revenues declined and it missed forecasts , its stock closed higher Friday. The big cap tech company is closely watched by investors since it is the largest company by market capitalization. Its resilience is seen as a positive for the overall market since it has an oversized influence on stock market indices.

If you take a close look you can see the placenta is still attached to that Mowrey kid

Higher interest rates will have an impact on corporate guidance.

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Источник: Cointelegraph - 🏆 562. / 51 Прочитайте больше »