Inflation and consumer spending updates ahead: What to know this week
==========
The article discusses the upcoming economic updates for the week, including inflation and consumer spending data. The S&P 500 rallied during the previous week, with the Nasdaq Composite rising just under 1% and the S&P 500 popping almost 2%. The Dow Jones Industrial Average rose more than 2% and closed higher for eight straight sessions. In the week ahead, investors will be watching for the April inflation reading, which is expected to show an annual gain of 3.4% for headline CPI and 3.6% for core CPI. The article also highlights the importance of retail sales data and provides an overview of the earnings reports expected from Walmart, Home Depot, and Alibaba. The author notes that the market is currently pricing in less than two interest rate cuts this year, and a positive inflation report could push the number of expected rate cuts higher. The article concludes by discussing the market's reaction to economic data and the correlation between the S&P 500 and economic surprise.
#Inflation #ConsumerSpending #EconomicUpdates #S&p500 #NasdaqComposite #DowJonesIndustrialAverage #RetailSales #EarningsReports #InterestRateCuts
https://finance.yahoo.com/news/inflation-and-consumer-spending-updates-ahead-what-to-know-this-week-133436286.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-12 16:19:18
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-12 16:19:18Event JSON
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"content": "Inflation and consumer spending updates ahead: What to know this week\n==========\n\nThe article discusses the upcoming economic updates for the week, including inflation and consumer spending data. The S\u0026P 500 rallied during the previous week, with the Nasdaq Composite rising just under 1% and the S\u0026P 500 popping almost 2%. The Dow Jones Industrial Average rose more than 2% and closed higher for eight straight sessions. In the week ahead, investors will be watching for the April inflation reading, which is expected to show an annual gain of 3.4% for headline CPI and 3.6% for core CPI. The article also highlights the importance of retail sales data and provides an overview of the earnings reports expected from Walmart, Home Depot, and Alibaba. The author notes that the market is currently pricing in less than two interest rate cuts this year, and a positive inflation report could push the number of expected rate cuts higher. The article concludes by discussing the market's reaction to economic data and the correlation between the S\u0026P 500 and economic surprise.\n\n#Inflation #ConsumerSpending #EconomicUpdates #S\u0026p500 #NasdaqComposite #DowJonesIndustrialAverage #RetailSales #EarningsReports #InterestRateCuts\n\nhttps://finance.yahoo.com/news/inflation-and-consumer-spending-updates-ahead-what-to-know-this-week-133436286.html",
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