Consumer confidence, home sales, Nike earnings top week ahead

Investors will enter the final stretch before Christmas this week as volatility ticks up due to concerns over inflation, interest rate hikes, and the spread of the omicron variant.

HERE’S WHERE SURGING PRICES ARE HITTING CONSUMERS THE MOST

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 35365.44 -532.20 -1.48%
SP500 S&P 500 4620.64 -48.03 -1.03%
I:COMP NASDAQ COMPOSITE INDEX 15169.682092 -10.75 -0.07%

FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days. Financial markets will be closed Friday in observance of the Christmas holiday. 

Monday 12/20

On Monday, investors will take in earnings from Blade Air Mobility before the opening bell, Micron Technology, and Nike after the bell, and the Conference Board’s index of leading economic indicators.

Ticker Security
Read more
Nike is ‘a model of China and for China,’ CEO says in the course of earnings simply call

Nike CEO John Donahoe referred to as the sportswear apparel big a “brand name of China” this 7 days, adhering to a fiasco it was involved in previously this yr over issues about human legal rights abuses fully commited by the communist governing administration.

All through an earnings simply call this 7 days, Donahoe discussed that Nike experienced a extended-term see of its operations in China, exactly where it had been operating for about four a long time.

“We are the largest sport manufacturer there, and we are a manufacturer of China and for China,” Donahoe said. “And the most important asset we have in China is the buyer equity. Buyers sense a solid, deep link to the NIKE, Jordan and Converse

Read more