Retail earnings, existing home sales, Fed speak: What to watch

📆 22/8/2023 9:43 am
📰 YahooFinanceCA

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More retailers will report their quarterly results on Tuesday, with earnings from Lowe's (LOW), Dick's Sporting Goods (DKS), Macy's (M), and Urban Outfitters (URBN) on tap. When it comes to economic data, all eyes will be on existing home sales. Investors will be looking to see if there is any sign more inventory is hitting the market. There are also a number of Federal Reserve officials speaking, including Richmond Fed President Tom Barkin and Chicago Fed President Austan Goolsbee, who spoke to Yahoo Finance last month. 

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingThirty-year mortgage rates cross over 7 percent as elevated rates and affordability woes squeeze homebuyers out of the market.

It is whether or not the Fed will permit that dream to be realized because if the mortgage rate was to somehow go up to 8%... by recent standards that is very high, and it's going to price out many young adults out of the marketplace," Says states. "Homeowners smiling big, while the renters feel like their dream is out of reach, frustrated that other people are getting the housing wealth, while they are left out paying higher rents each month.

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Nvidia & retail earnings, Jackson Hole: What to watch this weekThere will be a lot of interest in Nvidia's (NVDA) second quarter earnings on Wednesday. Investors will also be eyeing results from Macy's (M), Lowe's (LOW), Peloton (PTON), Gap (GPS), Toll Brothers (TOL), and Dollar Tree (DLTR). There is some key housing data on tap Tuesday and Wednesday. The big event of the week though is Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Economic Symposium on Friday. Yahoo Finance Reporter Josh Schafer breaks down the events investors need to be watching this week. 
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