The stock market is expected to experience increased volatility as investors digest key earnings reports and economic data releases ahead of a busy week. The S&P 500 closed +2.94% last week, driven by optimism following the latest inflation data and early fourth-quarter earnings reports.
A shortened trading week due to the Martin Luther King Jr. holiday on Monday could exacerbate market fluctuations. Notably, Donald Trump’s swearing-in as the next US President will take place on the same day.
This week’s key earnings reports include Netflix (NFLX) on Tuesday, Procter & Gamble (PG) on Wednesday, and Johnson & Johnson (JNJ) also on Wednesday. These reports will provide insights into subscriber growth, consumer spending habits, and healthcare spending.
The transportation sector will be in focus with American Airlines (AAL) and United Airlines (UAL) reporting. Manufacturing PMI data for Friday will offer a glimpse into the economy’s momentum, while existing home sales data for December will assess the housing market’s health.
Additionally, traders should keep an eye on Thursday’s European Central Bank meeting for potential rate cut signals in 2024. The initial jobless claims report on Thursday will also provide insight into labor market health.
As investors navigate this week’s earnings and economic data releases, it is essential to stay informed about market trends and sentiment.
Source: https://www.barchart.com/story/news/30509905/trump-inauguration-earnings-and-other-key-things-to-watch-this-week