and more than 100 other S&P 500 companies report earnings in the biggest rush of earnings reports this quarter.
Hogan said the market may also respond to Covid news. He said the seven-day average in new Covid cases fell below the 14-day average this past week for the first time since Thanksgiving, and if that continues, it could indicate a peak.Economy "You're really going to see a loss of momentum throughout the quarter," said Kevin Cummins, chief U.S. economist at NatWest Markets. "It's a set up for a really weak Q1." PMI data shows manufacturing activity has been strong, but labor market data is weak and consumer spending is disappointing.
"I don't see them making many changes," said Cummins of NatWest. "They'll probably acknowledge just the fact that employment was weak. Powell is also likely to be asked his views on fiscal stimulus, which could end up being smaller than some expect.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Biden had a bad 1st week. DJIA under his administration is down. 300 points. Vaccines are nowhere to be found. He lost 3000 jobs in 1 hour.
Earnings? Lol so 2005. Fed $$$ will drive market in the YEARS ahead. The Fed IS the stock market.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech Giants Apple, Microsoft and Tesla Headline a Busy Earnings WeekTech giants Microsoft, Apple and Tesla will be among the companies headlining a busy earnings week, shedding more light on how businesses performed at the end of 2020 as Covid-19 cases rose. The most important news on the site, please visit it 😍 Trump hasn't been jailed yet? That monitor is a little too big 😜
Source: WSJ - 🏆 98. / 63 Read more »
Apple, Tesla and Facebook ready to report record sales in busiest week of earningsCompanies have barely managed to eke out positive earnings growth so far this season, but the big test arrives in the week ahead.
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow Falls 400 Points Amid 'Market Nonsense' With Apple, Facebook, Tesla Earnings On DeckGameStop's market capitalization is on track to surpass $20 billion. dont sell. Hold it! Live look at hedge fund managers everywhere.... More good news please(((
Source: Forbes - 🏆 394. / 53 Read more »
Dow Falls 400 Points Amid 'Market Nonsense' With Apple, Facebook, Tesla Earnings On DeckThe Dow fell 400 points amid 'market nonsense' with Apple, Facebook and Tesla earnings on deck small correction for hunt more bears What’s Market nonsense? Because of GME? This is what true MARKET MANIPULATION looks like)TD Ameritrade:Security impacts related to market conditions In the interest of mitigating risk for our company and clients, we have put in place several restrictions on some transactions in $GME, $AMC +other securities. ameritrade
Source: Forbes - 🏆 394. / 53 Read more »