In the week ahead, Wall Street investors will closely monitor critical economic growth indicators, including the pace of inflation, manufacturing PMI, and overall economic performance.
High-Profile Earnings Releases:
Investors will also keep a keen eye on major earnings announcements, featuring prominent companies such as Tesla, Netflix, American Airlines, Abbott Laboratories, and IBM.
Upcoming Data Releases:
- January 24: Release of S&P flash US services PMI and S&P flash US manufacturing PMI data for January.
- January 25: Preliminary data for fourth-quarter gross domestic product (GDP) and December’s new home sales figures.
- January 26: Release of the PCE (personal consumption expenditures) index for December.
Earnings Calendar:
The week will witness quarterly results declarations from notable companies, including Brown & Brown, United Airlines Holdings, Zions Bancorporation, Johnson & Johnson, Procter & Gamble, Netflix, Verizon Communications, Texas Instruments, General Electric, Lockheed Martin, Tesla, Abbott Laboratories, IBM, AT&T, General Dynamics, Las Vegas Sands, CSX, Visa, Intel, Comcast, Union Pacific, American Airlines Group, Southwest Airlines, Levi Strauss, Alaska Air Group, American Express, Colgate-Palmolive, Norfolk Southern, and Autoliv.
Market Performance:
On Friday, the S&P 500 surged by 1.23% to close at 4,839.81 points. The Nasdaq recorded a 1.70% gain, reaching 15,310.97 points, while the Dow Jones Industrial Average increased by 1.05% to 37,863.80 points.
Also Read : OnePlus 12 and OnePlus 12R Set for Grand Debut in India on January 23
Currency and Commodity Movements:
- The US dollar dipped to 148.19 yen (from 148.24 Japanese yen).
- The euro strengthened to $1.0893 (from $1.0861).
- The 10-year Treasury yield edged down to 4.13%.
- US crude oil (February delivery) fell 67 cents to $73.41 per barrel, and Brent crude (March delivery) dropped 54 cents to $78.56 per barrel.
- Gold (February delivery) rose by $7.70 to $2,029.30 per ounce, while silver (March delivery) fell 10 cents to $22.71 per ounce.
Pingback: Unleashing the Future: How GenAI Will Supercharge Software Testing by 2028! Revolutionizing Code Quality and Speed! - 24X7media.com
Pingback: Celebrating the First Anniversary: Athiya Shetty and KL Rahul's Milestone - 24X7media.com