Brace for Impact: Wall Street’s Explosive Week Ahead! Major Earnings, Economic Surges, and Market Mayhem Unveiled!

Wall Street's Explosive Week Ahead

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.

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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.

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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.

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