The upcoming week on Wall Street is set to be a busy one, with key economic data and earnings reports driving market movements. Investors will be closely watching US retail sales, factory output, and other economic indicators to gauge the health of the economy.
On Monday, the Empire State manufacturing survey for June will be released, providing insights into the manufacturing sector’s performance. Tuesday will see the release of US retail sales data for May and a report on industrial production for the same month, giving investors a better understanding of consumer spending and manufacturing activity.
Wednesday will bring the release of the home builder confidence index for June, offering valuable information on the housing market. And on Friday, data on the S&P flash US services PMI and manufacturing PMI for June, as well as existing home sales data for May, will be announced, providing further insights into the state of the economy.
In addition to economic data, several major companies are set to report quarterly earnings in the week ahead, including Accenture, Kroger, Darden Restaurants, and CarMax. These earnings reports will give investors a glimpse into the performance of various sectors of the economy.
Last week, US stocks closed mixed following a slide in Europe. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw fluctuations, with the Dow down 0.5%, the S&P 500 up 1.6%, and the Nasdaq rising 3.2% for the week.
Overall, the week ahead promises to be an eventful one on Wall Street, with economic data and earnings reports shaping market sentiment and driving investor decisions.
