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With investor confidence in the Federal Reserve's interest rate path fast dwindling, the inflation data next week will be of paramount importance for a flagging market. How investors take the December inflation data could have big implications for a market that's already at historically stretched valuations to start the year. Monday, Jan. 13 2 p.m. Treasury Budget (December) Tuesday, Jan. 14 6 a.m. NFIB Small Business Index (December) 8:30 a.m. Producer Price Index (December) Wednesday, Jan. 15 8:30 a.m. Consumer Price Index (December) 8:30 a.m. Export Price Index (December) 8:30 a.m. Import Price Index (December) 8:30 a.m.
Persons: Donald, Allison Schrager, CNBC's, Dan Niles, Niles, John Belton, he's, Belton, Goldman Sachs, Wells, Morgan Stanley, Price, John Williams, Huntington Organizations: Dow Jones, Manhattan Institute, Niles Investment Management, Gabelli, . Treasury, Wednesday, Citigroup, JPMorgan Chase, Bank of America, Treasury Budget, . New York Federal Reserve Bank, Economic, Bank of New York Mellon, Price, Philadelphia Fed, Retail, Hunt Transport Services, U.S . Bancorp, PNC Financial Services, T Bank, Housing, Manufacturing, Schlumberger, Fastenal, Citizens Financial Group, Regions, Truist Locations: FactSet, Wells Fargo, BlackRock, . New, NAHB, U.S
Stock futures fell as Wall Street weighed the latest earnings results and looked ahead to the Federal Reserve's favored inflation gauge. Futures tied to the Dow Jones Industrial Average slipped 80 points, or 0.2%. The S&P 500 futures and Nasdaq 100 futures edged down 0.2% and 0.25%, respectively. The 30-stock Dow lost 0.06% and fell for a third consecutive session, while the S&P 500 inched down 0.17%. The S&P 500 has jumped 4.6%, while the Dow has added 2.1%.
Persons: Salesforce, Okta, Joe Mazzola, Charles Schwab's, Dow, John Williams Organizations: New York Stock Exchange, Stock, Federal, Dow Jones, Nasdaq, Dow, Hewlett Packard Enterprises, Bath, Body, New York Federal Reserve Bank Locations: Snowflake, Chicago
In the final week of February, Wall Street will strive to maintain its AI-fueled rally even as economic concerns linger and the Federal Reserve's favorite inflation measure is on deck. But many worry the writing is on the wall for these market leaders as economic and inflation risks linger. The 'lone cloud' of inflation The Fed's preferred inflation gauge will also be released in the week ahead. Investors are concerned that sticky inflation will mean that the Fed will hold onto its higher-for-longer interest rate policy. Next week will also be the final week of February, with stocks headed for another strong month of gains.
Persons: Goldman Sachs, Patrick McDonough, Europe's, PGIM's McDonough, McDonough, Charlie Ashley, Dhaval Joshi, Joshi, Ashley, John Williams, TJX Cos Organizations: Dow Jones Industrial, Nasdaq, Nvidia, Japan's Nikkei, Catalyst Funds, BCA Research, CPI, PPI, Dow, New, Dallas Fed, Fidelity National Information Services, Richmond Fed, eBay, Enterprise, Cruise Line Holdings, New York Federal Reserve Bank, York, Monster Beverage, Paramount Global, PCE Deflator, Chicago PMI, . Kansas City Fed Manufacturing, Hewlett Packard Enterprise, Autodesk, Body, Hormel, PMI, Manufacturing Locations: U.S, Lowe's, Chicago, . Kansas, Michigan
Morning Bid: Blue chips cheered up
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +5 min
[1/2] The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. Its CEO Jensen Huang said use of its chips to power AI had "gone through the roof in the last 60 days." The Federal Reserve at least seems keen on the higher-for-longer message that's shaken world stock and bond markets this week. And as the minutes pre-date red-hot jobs and retail data for January, the message from Fed officials is probably even sterner now. A Reuters poll of equity analysts showed global stock markets are expected to correct in the next three months.
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