Latest news with #NFIBOptimismIndex
Mint
06-07-2025
- Business
- Mint
Wall Street week ahead: All eyes on trade developments as 90-day US deadline set to expire
Spotlight in the week ahead will be on trade developments as a 90-day deadline, imposed by the United States on other countries to sign trade agreements, will expire on July 9 (Wednesday). On Friday, US President Donald Trump said he will not extend the deadline and start sending letters to trading partners, specifying tariff rates they would face on exports to the US. The economic calendar in the week ahead wiil be fairly light, with the main event being the release of the Federal Reserve's monetary policy committee meeting held in May. The earnings calendar next week wiil also be light with few companies slated to declare their second quarter results. US carrier Delta Air Lines will be the main highlight of the week. Energy stocks are likely to grab investors' attention as the OPEC has agreed to raise oil production even more rapidly than expected in August. At a video conference on Saturday, eight key alliance members agreed to raise supply by 548,000 barrels a day. The group led by Saudi Arabia is seeking to capitalize on strong summer demand. On July 8 (Tuesday), data on NFIB Optimism Index for June and consumer credit for May will be released. On July 9 (Wednesday), minutes of Fed's May FOMC (Federal Open Market Committee) meeting will be released. On July 11 (Friday), monthly US federal budget will be released. Following companies are due to report second quarter results in the week ahead — Penguin Solutions, Delta Air Lines, Conagra Brands, and Levi Strauss. US stock indices rallied on Thursday to close at record highs on positive labor data. The S&P 500 gained 51.94 points, or 0.83%, to 6,279.36 and the Nasdaq Composite gained 207.97 points, or 1.02%, to 20,601.10. The Dow Jones Industrial Average rose 344.11 points, or 0.77%, to 44,828.53. For the week, the S&P 500 gained 1.72%, the Nasdaq rose 1.62%, and the Dow climbed 2.3%. Labor department data showed non-farm payrolls rose by 147,000 jobs in June. On Friday, the stock exchanges were closed to mark the US Independence Day.
Mint
11-05-2025
- Business
- Mint
Wall Street week ahead: US-China trade talks, inflation, Jerome Powell's speech, Q1 earnings in focus
Wall Street investors in the week ahead will have a plenty of economic data to analyse such as consumer price inflation, retail sales, and Producer Price Index. Besides economic data, the spotlight will also be on the outcome of trade talks between the United States and China, a speech by Federal Reserve chair Jerome Powell at a conference in Washington, DC, and the first quarter earnings. US Treasury Secretary Scott Bessent said on Sunday that there had been "substantial progress" in talks with China. He said he would give more details on Monday. Bessent and US Trade Representative Jamieson Greer met with Chinese Vice Premier He Lifeng in Geneva on Saturday to de-escalate a trade war between the world's two largest economies. The talks had continued into a second day on Sunday. Greer said the differences between the two countries were not as great as previously thought. Meanwhile, White House economic advisor Kevin Hassett told Fox News that more foreign trade deals could be coming with other countries as soon as this week. On May 13 (Tuesday), data on NFIB Optimism Index for April and Consumer Price Index (CPI) for April will be declared. On May 15 (Thursday), separate reports on initial jobless claims for the week ended May 10, US retail sales for April, Producer Price Index (PPI) for April, Empire State manufacturing survey for May, Philadelphia Fed manufacturing survey for May, Industrial Production for April, capacity utilization for April, and Home Builder Confidence Index for May will be released. Fed Chairman Jerome Powell's speech is also scheduled on this day. On May 16 (Friday), data on Import Price Index for April, Housing starts for April, and consumer sentiment (prelim) for May will be released. Following companies are due to report first quarter earnings in the week ahead — Fox Corp, Acadia Healthcare, Hertz Global, Intuitive Machines, Cisco, Nextracker, Boot Barn Holdings, Walmart, and Alibaba ADR. US stock indices closed the week on a quiet note on Friday. The Dow Jones Industrial Average fell 119.07 points, or 0.29%, to 41,249.38, the S&P 500 lost 4.03 points, or 0.07%, to 5,659.91 and the Nasdaq Composite gained 0.78 points, or flat, to 17,928.92. In the bond market, the yield on the 10-year Treasury edged up to 4.38% from 4.37%.
