US Markets Close Early on Monday, Earnings Season Heats Up
Stock and bond markets in the US will be closed early on Monday for the Presidents Day holiday, but trading will resume later that day. Investors are gearing up for a busy week of earnings reports from major companies.
Several key players include Walmart, Alibaba, Baidu, Carvana, and Rivian, which are expected to report their quarterly earnings. Walmart’s report is particularly notable, as the retail giant aims to maintain its momentum following strong revenue growth in its prior quarter.
US-traded Chinese e-commerce firms Alibaba and Baidu will also be releasing their financial results. Meanwhile, online used-car retailer Carvana and electric vehicle manufacturer Rivian are set to issue their quarterly earnings reports.
The Federal Reserve meeting minutes from January, Fed representatives’ remarks, housing data, and consumer sentiment surveys are just a few of the other significant events scheduled for this week’s trading calendar.
Investors will be watching these releases closely, as they provide valuable insights into the health of the US economy.
Source: https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11679263