A fresh update on consumer prices is picking up for Wall Street this coming week. In addition, investors will face another wave of corporate earnings.
US stocks rallied on Friday with the Dow Jones Industrial Average closing down 400 points, or 1.26%. The S&P 500 and Nasdaq Composite ended the session up 1.36% and 1.28%.
However, all three benchmarks were completed for the week. The Dow snapped a four-week winning streak while the S&P and Nasdaq broke a two-week winning streak.
|Me: DJI||DOW Jones average||32403.22||+401.97||+1.26%|
|Me: COMP||NASDAQ COMPOSITE INDEX||10475.25445||+132.31||+1.28%|
FOX Business takes a look at upcoming shows that may be moving financial market in the coming days.
BioNTech, Blue Apron, Choice Hotels, NRG Energy and Palantir Technologies will be among the companies to start the week with earnings before the market opens on Monday.
|PRN||BLUE APRON caught||2.07||-0.09||-4.17%|
|CHH||INTERNATIONAL CHOICE HOTEL||128.51||+2.81||+2.24%|
|NRG||NRG Energy Inc.||44.35||+0.72||+1.65%|
|lTR||PALANTIR TECHNOLOGIES INC.||7.93||-0.15||-1.86%|
Earnings to watch after the bell will include Activision Blizzard, Diamondback Energy, Groupon, Lyft, SmileDirectClub, Take-Two Interactive, Tripadvisor and Virgin Orbit.
|ATVI||ACTIVISION BLIZZARD INC.||71.96||+0.06||+0.08%|
|FANG||DIAMONDBACK ENERGY INC.||161.37||+2.84||+1.79%|
|two||TAKE-TWO INTERACTIVE SOFTWARE INC.||108.53||-2.77||-2.49%|
As for economic data, investors will take consumer credit.
The Federal Reserve will also make the rounds with Cleveland and Boston Fed presidents Loretta Mester and Susan Collins participating in a moderated discussion before the hybrid Women in the Economy Symposium. Richmond Fed President Thomas Barkin will also deliver opening remarks and participate in a panel before the bank’s hybrid “Demystifying Inflation” District dialogue.
Earnings will rise on Tuesday with companies including Coty, EW Scripps, Hain Celestial Group, Lordstown Motors, Norwegian Cruise Line, Party City and Planet Fitness delivering results before the market open.
|CNS||THE EW SCRIPPS CO.||13.40||-0.45||-3.25%|
|cloth||THE HAIN CELESTIAL GROUP INC.||18.89||+0.68||+3.73%|
|FIND OUT||LORDSTOWN MOTORS||1.93||+0.08||+4.32%|
|party||Party CITY HOLDCO INC.||1.49||+0.02||+1.36%|
|PLNT||PLANET FITNESS INC.||62.62||-1.46||-2.28%|
Meanwhile, AMC Entertainment, Angi, GoodRx, Occidental Petroleum and Walt Disney Company will be among the big names in the spotlight after the bell.
|Sign in||ANGI INC.||1.93||-0.12||-5.85%|
|GDRX||GOODRX HOLDINGS INC.||5.06||+0.16||+3.27%|
|OXY||OCCIDENTAL PETROLEUM CORP.||73.27||+1.11||+1.54%|
|sadistic||THE WALT DISNEY CO.||99.58||+0.38||+0.38%|
The NFIB business optimism index will be the focus for Wednesday’s economic data. Other important events include the delisting of Twitter shares from the New York Stock Exchange and a deadline for European Union regulators to announce a more in-depth investigation. Microsoft’s acquisition of Activision Blizzard.
Earnings on Wednesday’s docket will include Capri Holdings, DR Horton, Hanesbrands, Roblox and Wendy’s before the market opens and Beyond Meat, Redfin, Rivian and ZipRecruiter after the bell.
|CPRI||CAPRI HOLDINGS LTD.||47.67||+3.14||+7.05%|
|DHI||DR HORTON Inc.||75.18||+1.55||+2.11%|
|WEN||THE WENDY’S CO.||20.43||+0.08||+0.39%|
|synd||BEYOND meat Inc.||13.91||-0.45||-3.13%|
|Bohuslav||RIVIAN AUTOMOTIVE INC.||31.99||-0.25||-0.78%|
Economic data on Wednesday will include inventories and wholesale sales, weekly mortgage applications and the Energy Information Administration’s weekly oil stocks.
New York Fed President John Williams will also deliver keynote remarks before the Swiss National Bank, Federal Reserve Board and Bank for International Settlements’ High Level Conference on Global Risk, Uncertainty and Volatility.
Ralph Lauren, Six Flags Entertainment, Tapestry, US Foods, UTZ Brands, Warby Parker and WeWork will all deliver results before the market opens on Thursday.
|RL||RALPH LAUREN CORP.||95.06||+4.36||+4.81%|
|Six||SIX FLAGS ENTERTAINMENT CORP.||21.20||+0.24||+1.15%|
|USFDA||AS FOODS HOLDING CORP.||29.27||+0.52||+1.81%|
|Butz||UTZ BRANDS, INC.||16.14||+0.41||+2.61%|
|WRBY||WARBY PARKER Inc.||14.95||+0.32||+2.19%|
Endeavor Group, Flowers and Poshmark will be among the companies to wrap up the week with earnings after the bell.
|FLO||Flower food inc.||28.52||+0.01||+0.02%|
On the economic data front, investors will digest the consumer price index, the balance of the federal budget and the latest on initial and continuing unemployment claims. Dallas and Kansas City Fed presidents Lorie Logan and Esther George will also speak before the “Energy and the Economy: The New Energy Landscape” conference.
Rounding out the week for economic data will be the University of Michigan’s consumer sentiment index.
President Joe Biden will also attend the COP27 climate summit in Cairo, Egypt, and Treasury Secretary Janet Yellen will visit India to discuss US-India economic and financial cooperation ahead of the G20 meeting.