Nvidia earnings, FOMC minutes, housing data: What to watch

Yahoo Finance's Julie Hyman and Josh Lipton break down what to watch on Wednesday, May 22.

Several companies are set to report their earnings, with Nvidia (NVDA) being the most highly anticipated. Retailers like TJX (TJX) and Target (TGT) are also expected to report earnings, as well as Synopsys (SNPS), Williams-Sonoma (WSM), and e.l.f. Beauty (ELF).

The Federal Reserve will also release its May FOMC meeting minutes, offering insight into its monetary policy decisions.

Finally, new data on existing home sales for April will be released, which analysts expect will increase.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Melanie Riehl

Video transcript

Time now for to watch Wednesday.

May 22nd, we start off on the earnings front, of course, a make or break day for the market in video earnings are out tomorrow after the closing.

Bell Tech giant is the last of the magnificent seven to report this season.

And video stock has been on a tear over the last year rising over 200% closed at a record high today.

Its expected the company to report earnings of $5.65 per share on revenue of near $25 billion.

That would be a 400% and 200% gain respectively in the same time a year ago.

Is it worth talking about anything else?

Of course, let's talk about the Federal Reserve because that's the other big event, the fed releasing its minutes from the F MC meeting in the afternoon.

We'll get more perspective and the Fed officials thinking around monetary policy as we look ahead to the central bank's next meeting in June.

And finally, they're going to be getting new data for existing home sales in the month of April in the morning.

Economists forecast that numbers go up this coming after last month's drop as high interest rates continue to pressure home buyers.