Market futures (^DJI, ^IXIC, ^GSPC) are having a refreshed outlook after all three of the major indices closed last week in the green. Stocks are preparing for the Consumer Price Index's (CPI) inflation data expected out on Wednesday, May 15. Amidst this week's CPI report, Wall Street is laser-focused on top retailers Home Depot (HD) and Walmart (WMT) who will be reporting earnings on Tuesday, May 14, and Thursday, May 16, respectively. Lastly, President Biden is expected to announce new tariffs sanctioned against China on Tuesday, which could significantly impact imports such as Chinese semiconductors and EVs. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
A crucial reading of inflation faces investors in the week ahead after a string of disappointing reports to start the year dampened investors' interest rate cut hopes.
Inflation continues to make its way through every sector, while the Dow Jones (^DJI) ends its best week since December. Leadership from the Federal Reserve spoke this week signaling rates may continue to remain high. Utilities (XLU) performed well for the week, gaining over 4%. Life360 (LIFX) CEO Chris Hulls stops by to discuss how the app has transformed, while government's annual review of the Medicare program has shown an improvement in the program's financial health. For more expert insight and the latest market action, click here