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Mint
29-06-2025
- Business
- Mint
Wall Street week ahead: Investors to focus on jobs data, manufacturing & services PMIs, Trump's ‘One Big Beautiful Act'
Wall Street investors in the week ahead are expected to focus on key economic data, including monthly non-farm payrolls report, and on Senate Republicans' push to pass US President Donald Trump's 'One Big Beautiful Act' legislation. The Republicans are planning to vote on the proposed budget reconciliation bill over the weekend. It was passed in the House of Representatives on May 22, 2025. Market participants will keenly monitor the non-farm payrolls data for June, to be released by the Bureau of Labor Statistics on Thursday, for clues on the US Federal Reserve's interest rate path ahead. Among other economic data, the markets will see manufacturing and services PMIs for June, TBA auto sales, and factory orders for May. On June 30 (Monday), data on Chicago Business Barometer (PMI) for June will be released. On July 1 (Tuesday), separate reports on S&P final US manufacturing PMI for June, job openings for May, ISM manufacturing for June, and TBA auto sales for June will be released. On July 2 (Wednesday), data on ADP employment for June will be released. On July 3 (Thursday), separate reports on US employment report for June, US trade deficit for May, S&P final US services PMI for June, factory orders for May, and ISM services June will be released. Following companies are due to report first quarter results in the week ahead — Progress Software, Constellation Brands, MSC Industrial Direct Co., The Greenbrier Companies, and UniFirst Corporation. US stocks closed at an all-time high on Friday as trade deal hopes fueled investor risk appetite and economic data helped solidify expectations for rate cuts from the Federal Reserve. The Dow Jones Industrial Average rose 432.43 points, or 1.00%, to 43,819.27, the S&P 500 gained 32.05 points, or 0.52%, to 6,173.07 and the Nasdaq Composite gained 105.55 points, or 0.52%, to 20,273.46. In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.24%. The 2-year Treasury yield edged up to 3.74%.
Yahoo
01-04-2025
- Business
- Yahoo
NYSE Texas launch steals thunder from TXSE: Trial Balance
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. The Trial Balance is weekly preview of stories, stats and events to help you prepare. The New York Stock Exchange Texas, the first securities exchange to be incorporated in the Lone Star state, is now live and 'open for business.' Just last month, the New York Stock Exchange announced it was reincorporating its electronic exchange NYSE Chicago to Texas and renaming it NYSE Texas. The rush to create an exchange in Texas comes as no surprise. The state is currently undergoing unprecedented growth in labor and business. Its capital of Austin, which has become a technology hub near the finance-centric Dallas metro area, has been credited as one of the few growing cities in America that has created successful initiatives to build affordable housing at scale amidst expansion. The exchange's creation and rapid launch come as the Texas Stock Exchange awaits SEC approval after announcing its plans in June 2024. In an inquiry on March 14, a TXSE spokesperson told the firm had recently filed registration with the SEC and would only provide insight on plans and access to leadership once their Form 1 application is publicized by the commission. The TXSE has publicly said they tend to launch in early 2026. Trump Media & Technology Group, the operator of social media platform Truth Social and founded by President Donald Trump, is the first company to be listed on the exchange. The company will trade under the ticker 'DJT.' 'We are thrilled to open NYSE Texas to corporate issuers and to welcome Trump Media & Technology Group to our NYSE community through a NYSE Texas listing,' said Lynn Martin, president of NYSE Group. 'This new offering, which we announced just last month, will allow companies to capitalize on the pro-business dynamics in Texas.' As the NYSE notes in its release, the decision comes in tandem with organizations that are moving their headquarters to Texas as well. Within recent years, legacy brands with established headquarters in other areas have moved to Texas for its business-friendly environment, including Chevron, SpaceX, Yum Brands, Fisher Investments, Tesla and Oracle. Institutional investors are also expressing interest in the state's expanding economy. Leaders from the TXSE or the organization as a whole have yet to comment on the NYSE Texas' launch. They also chose not to comment earlier this year on the announcement of the NYSE Texas' creation. Here's a list of important market events slated for the week ahead. Monday, March 31 Chicago Business Barometer (PMI) Tuesday, April 1 S&P final U.S. manufacturing PMI, March Construction spending, Feb. ISM manufacturing, March Job openings, Feb. Wednesday, April 2 ADP employment, March Factory orders, Feb. Thursday, April 3 Initial jobless claims, week of March 29 U.S. trade deficit, Feb. S&P final U.S. services PMI, March ISM services, March Friday, April 4 U.S. employment report, March U.S. unemployment rate, March This week, contributing writer and CFO of PTI Technologies Steve McNally will publish a story on controlling employee benefit costs. Regardless of industry, CFOs have seen healthcare costs increase. McNally's piece aims to help provide ways in which finance leaders can help alleviate some pressure on the seemingly spiraling costs of employee benefit offerings. Recommended Reading The IPO market is ready for a comeback, says Armanino's Dean Quiambao Sign in to access your portfolio
Express Tribune
24-02-2025
- Business
- Express Tribune
What to expect in global markets: inflation data, earnings, and key reports
Listen to article This week, global markets will focus on key economic data, inflation indicators, and corporate earnings reports. Highlighted events include the release of the Personal Consumption Expenditures (PCE) inflation data, revisions to US GDP, updates on consumer confidence, housing data, and earnings from major global companies such as Nvidia, Salesforce, Lowe's, and Home Depot. Wednesday will see Nvidia's earnings report, its first since challenges from China's DeepSeek, a tech company whose AI model raised concerns about AI development costs. Other significant reports will come from Salesforce, Lowe's, Home Depot, and Stellantis, all major players in their sectors. On Friday, the PCE index will offer a critical measure of inflation, which the US. Federal Reserve is watching closely as it looks for signs of inflationary trends before making any further interest rate decisions. Market participants will also focus on GDP data, housing market updates, and the U.S. trade balance. Key Events This Week: Monday, Feb. 24 Earnings from Oneok (OKE) and Public Storage (PSA) Tuesday, Feb. 25 FHFA House Price Index (Q4 2024) S&P Case-Shiller Home Price Index (December) Consumer Confidence (February) Remarks by Dallas Fed President Lorie Logan and Richmond Fed President Tom Barkin Earnings reports from Home Depot, Intuit, Bank of Montreal, and others Wednesday, Feb. 26 New Home Sales (January) Atlanta Fed President Raphael Bostic to speak Earnings from Nvidia, Salesforce, Lowe's, Stellantis, and more Thursday, Feb. 27 Initial Jobless Claims (Week ending Feb. 22) Durable Goods Orders (January) Revised GDP Data (Q4) Pending Home Sales (January) Remarks from Cleveland Fed President Beth Hammack and Philadelphia Fed President Patrick Harker Earnings from Dell Technologies, Autodesk, and others Friday, Feb. 28 PCE Price Index (January) Advance Trade Balance (January) Chicago Business Barometer (February) Remarks from Chicago Fed President Austan Goolsbee PCE Inflation and GDP Data in Focus The PCE inflation data, scheduled for Friday, will provide a clearer picture of inflation's trajectory. The Federal Reserve is monitoring this data closely, as higher-than-expected inflation has impacted economic policies in recent months. The consumer confidence report on Tuesday will also provide valuable insight into public sentiment regarding inflation, a key factor in future price increases. Revisions to US GDP data on Thursday will provide further clarity on economic growth in the fourth quarter. The initial report showed a 2.3% annual growth rate, slightly below expectations, and investors will be looking for any revisions that may affect economic outlooks. Earnings Reports from Major Companies Earnings reports from top companies will provide crucial insights into the performance of different sectors. Nvidia, which has seen significant growth in its data center division, will be one of the most watched, as it faces pressure from challenges in AI technology development. Salesforce is also expected to report strong earnings, benefiting from its cloud services and AI-driven products. Retailers like Home Depot and Lowe's will be in the spotlight this week, as analysts gauge the impact of a slowing housing market on consumer spending. The earnings report from Stellantis, the parent company of Jeep, will be closely watched after a drop in vehicle shipments in recent months. Additionally, luxury electric vehicle maker Lucid Group is expected to report earnings, while several Canadian banks, including Royal Bank of Canada and Toronto Dominion Bank, will also release their financial results. Housing Market Data Key housing data will be released throughout the week, with updates on home prices, new home sales, and pending home sales. These reports will provide further insights into the state of the housing market, which remains under pressure due to rising interest rates and inflation. This week's combination of inflation data, earnings reports, and economic indicators will be crucial for investors as they navigate ongoing uncertainties in the global economy.
