Wall Street investors’ attention next week will be focused primarily on the Jackson Hole Economic Symposium, which will be held from August 22 to 24 in Wyoming.
Officials of the world’s central banks, including Federal Reserve Chairman Jerome Powellwill speak at the symposium. Economists, financial market leaders and representatives of the U.S. government will also participate in the event.
Investors will look for clues in Powell’s opening remarks on Friday and other Fed speakers on Friday. monetary policy facilitating.
Among other economic events, the minutes of the Federal Reserve’s latest monetary policy meeting and new home sales data will also be released next week.
Economic events
A report on key US economic indicators for July will be released on Monday, August 19.
On August 21 (Wednesday), the minutes of the July meeting of the Federal Reserve’s FOMC (Federal Open Market Committee) will be published.
Separate reports on the S&P preliminary US services PMI and the S&P preliminary US manufacturing PMI for August will be announced on August 22 (Thursday).
Data on existing home sales for July will also be released on Thursday.
On August 23 (Friday), Federal Reserve Chairman Jerome Powell will speak at the Jackson Hole retreat and July new home sales data will be released.
Earnings
The following companies will report second quarter results in the next week: Palo Alto Networks, Estee Lauder, Fabrinet, Lowe’s Companies, Medtronic, Toll Brothers, Amer Sports, XPeng, Coty, TJX Companies, Analog Devices, Target, Snowflake, Agilent, Macy’s, Intuit, Toronto-Dominion Bank, Workday, Ross Stores, Peloton Interactive, Baidu, CAVA Group and Viking Holdings.
US markets last week
U.S. stocks closed higher on Friday as concerns about an economic slowdown eased.
The Dow Jones Industrial Average rose 96.7 points, or 0.24 percent, to 40,659.76. The S&P 500 gained 11.03 points, or 0.20 percent, to 5,554.25 and the Nasdaq Composite added 37.22 points, or 0.21 percent, to 17,631.72.
Brent crude fell $1.36, or 1.7 percent, to settle at $79.68 a barrel and U.S. crude fell $1.51, or 1.9 percent, to $76.65.
Gold prices hit an all-time high, rising more than 2 percent.
The yield on the 10-year Treasury note fell to 3.88 percent.
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