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U.S. stocks are largely under control as investors anticipate earnings and inflation data

Despite falling below the session’s lows, the U.S. key average remained in the negative territory almost an hour before noon on Monday, and investors are cautious as they look forward to the next inflation data and wait for earnings to be announced. It is moving.

Despite the increasing momentum of vaccination in the United States Coronavirus Incidents in several countries around the world and the potential for new blockades in some places weigh heavily on emotions.

Investors also responded to Federal Reserve Chairman Jerome Powell’s reiteration that the central bank wants inflation to rise to around the target of 2% over the long term before the Monetary Policy Committee raises interest rates. doing.

The Dow has fallen to 33,690.94, down 66.47 points (0.2%) at 33,734.13, about an hour after noon. The Nasdaq is down 27.04 points (0.21%) to 13,873.14 and the S & P 500 is just down 4,129.00.

Data on inflation, retail sales and mining and industrial production will be released this week. This week, the Fed’s Beige Book, which summarizes financial evidence from the Fed’s 12 districts, is also planned.

Top banks JP Morgan (JPM), Wells Fargo (WFC) and Goldman Sachs (GS) will announce their quarterly financial results on Wednesday.

Nuance Communications shares have skyrocketed by nearly 20% with Microsoft’s announcement that voice recognition companies will trade $ 16 billion worth.

After a stock rating upgrade by Canaccord Genuity, Tesla Inc’s stock has risen 3%.

In foreign trade, Asian stocks fell on Monday, weighing on the potential for a surge in coronavirus infections and restrictions on economic activity in the region.Major market India, China and Japan all fell sharply in the region.

European stocks have ended bearish due to concerns that investors have been largely cautious after the recent rise and that coronavirus cases will surge in some parts of Asia.

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U.S. stocks are largely under control as investors anticipate earnings and inflation data

Source link U.S. stocks are largely under control as investors anticipate earnings and inflation data

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