US PPI inflation and Nvidia earnings will be the focus in the coming week. Nvidia is poised for another historic quarter. Intuit faces a storm of fundamental and technical headwinds as it prepares to release its report.
US stocks ended higher on Friday after the Supreme Court struck down tariffs imposed by President Donald Trump. In response, Trump called the decision a “disgrace” and announced he would impose a new overall tariff rate of 15% in a Truth Social article on Saturday, a day after setting a 10% tariff.
Source: Investing.com
With Friday’s development, the Dow Jones Industrial Average, made up of 30 stocks, rose about 0.3% for the week. The S&P 500 rose 1.1%, while the tech-heavy Nasdaq Composite ended a five-week losing streak, jumping 1.5%. The small-cap Russell 2000 gained almost 0.7%.
More volatility could be expected in the coming week as investors assess the outlook for the economy, inflation, interest rates and corporate profits amid renewed trade tensions.
In a week of weak data, most of the focus will be on Friday’s report on U.S. producer price inflation for January. As of Sunday morning, traders believe there is a little more than a 50% chance that the Federal Reserve will cut interest rates by its June policy meeting.
Source: Investing.com
Elsewhere, in terms of earnings, (NASDAQ:NVDA) results will be the key update of the week as reporting season draws to a close. Besides Nvidia, investors will focus on several other quarterly reports from the technology sector. These include major software companies that are concerned about AI disrupting their businesses, such as Salesforce (NYSE:CRM), (NASDAQ:INTU), Snowflake (NYSE:SNOW), Zscaler (NASDAQ:ZS), and Zoom Video Communications (NASDAQ:ZM).
Additionally, AI infrastructure players Dell Technologies (NYSE:DELL) and CoreWeave (NASDAQ:CRWV) will provide results in the coming week. Outside of tech, notable retailers like Home Depot (NYSE:HD), Lowe’s Companies (NYSE:LOW), and TJX Companies (NYSE:TJX) are also on the agenda.
Meanwhile, investors will evaluate President Trump’s State of the Union address on Tuesday, while monitoring…
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