Fed decision, Apple union vote, Kroger earnings top week ahead

All Posts in "ahead"

Fed decision, Apple union vote, Kroger earnings top week ahead

LPL Financial chief equity strategist Quincy Krosby, Revere Securities CCO Scott Fullman and economist Peter Schiff discuss how the Fed can rein in inflation on ‘The Claman Countdown.’

The Federal Reserve is widely expected to announce another interest rate hike this week as it looks to tame scorching-hot inflation.

U.S. stocks sank on Friday after consumer inflation jumped 8.6% to a 40-year high and consumer sentiment sank to an all-time low as tracked by the University of Michigan. The Dow Jones Industrial Average fell 880 points or 2.7%, while the S&P lost 2.9% and the Nasdaq Composite 3.5%. For the week, all three of the major averages fell between 4.6% and 5.6%.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	31392.79	-880.00	-2.73%
SP500	S&P 500	3900.86	-116.96	-2.91%
I:COMP	NASDAQ COMPOSITE INDEX	11340.024421	-414.20	-3.52%

FOX Business takes a look at the upcoming events that are likely

Dow sheds 638 pts. ahead of inflation data and $5 gas, mortgage rates spike: LIVE UPDATES

Exchange Traded Funds – Market Update

Breaking News

Dow sheds 639 points, Nasdaq sinks 2.7%, S&P 500 2% ahead of consumer inflation data

U.S. stocks closed at the lows of the session on Thursday ahead of the Consumer Price Index, due Friday, which is expected to show inflation remained near a 40-year high. Bond yields advanced again with the 10-year crossing 3% and the 2-year hitting 2.815%, the highest since December 2018. In commodities, oil closed at $121.51 with gas prices expected to hit $5 a gallon overnight.

Developing Story

Dow selling accelerates

Symbol	Price	Change	%Change
I:DJI	$32,677.87	-233.03	-0.71%

Dow laggards include Boeing, Disney, Visa and Apple, while Home Depot, 3M and Saleforce are notching modest gains.

Developing Story

Nasdaq pacing market selloff

Symbol	Price	Change	%Change
COST	$482.32	+14.33	+3.06%
SBUX	$80.07	+1.60	+2.04%

Costco and Starbucks buck the downtrend in the Nasdaq Composite.

Nasdaq Composite Index.

Tough times are ahead, former Chase chief economist warns

Former Chase chief economist Anthony Chan argues the question right now is whether an upcoming recession will be major or minor given the inconclusiveness of the data.

Former Chase chief economist Anthony Chan reacted to JP Morgan Chase CEO Jamie Dimon’s warning of a looming economic “hurricane,” warning that he, too, believes “tough times are ahead.”

Speaking on “Varney & Co.” on Tuesday, Chan also argued that there is “no doubt” that the risk of recession has increased for 2023.

Dimon, who said at the beginning of May there were storm clouds forming on the economic horizon, ratcheted up his warning last week, citing fresh challenges facing the Fed as it seeks to tame the hottest inflation in a generation.

“I said there were storm clouds. But I’m going to change it. It’s a hurricane,” he said during a conference hosted by AllianceBernstein Holdings.

“Right now it’s kind of sunny,

Consumer inflation data, Amazon stock split, Yellen testimony top week ahead

Strategic Funds co-managing director Marc Lopresti and CEO of Recruiting.com Evan Sohn unpack the state of the economy and its impact on hiring following strong May jobs reports.

Inflation at the consumer level will be a major economic focus this upcoming week along with another round of corporate earnings and what could be more volatility for U.S. stocks.

The Nasdaq Composite, on Friday, fell 2.4%, the S&P 500 shed 1.6% and the Dow Jones Industrial Average fell over 1% or 349 points. The 10-Year Treasury yield rose to 2.955% as investors anticipate more rate hikes by the Federal Reserve.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	32899.7	-348.58	-1.05%
SP500	S&P 500	4108.54	-68.28	-1.63%
I:COMP	NASDAQ COMPOSITE INDEX	12012.733912	-304.16	-2.47%

FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.

Monday 6/6

Apple will also

Jobs report, FOMC minutes, Walgreens earnings top week ahead

Delancey Strategies president Jared Levy provides insight on the U.S. markets.

Stocks will kick off the first week of trading for 2022 with key jobs and consumer data.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	36338.3	-59.78	-0.16%
SP500	S&P 500	4766.18	-12.55	-0.26%
I:COMP	NASDAQ COMPOSITE INDEX	15644.970696	-96.59	-0.61%

FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.

Monday 1/3

Jeffries Financial Group will kick off earnings for 2022 on Monday, while the Markit manufacturing purchasing manager’s index and construction spending will jumpstart the week’s economic data.

Ticker	Security	Last	Change	Change %
JEF	JEFFERIES FINANCIAL GROUP INC.	38.80	-0.19	-0.49%

Other notable events include a 5.9% increase in FedEx shipping rates for its ground, home delivery and express services and a new SEC rule that will require off-exchange issuers to make accurate, up-to-date