On Wall Street in the coming week, investors will be watching key economic data, which includes gross domestic product (GDP) numbers and PCE reports, and OPEC+ meeting.
The US GDP (second estimate) data for the third quarter is released on November 29.
The economic reports could provide clues about the extent of the monetary policy impact of the US Federal Reserve.
To assess oil production, the ministers of the Organization of the Petroleum Exporting Countries and its partners (OPEC+) will meet on November 30.
On November 27, new home sales data for October will be released.
A consumer confidence report will be released on November 28.
November 30th will see the personal consumption expenditures (PCE) reports, followed by ISM manufacturing data for November on December 1st.
Revenues
Following companies are due to declare their quarterly results in the coming week –
Zscaler, Seadrill Limited, Intuit, Workday, Splunk, NetApp, Hewlett Packard Enterprise, CrowdStrike, Salesforce, Snowflake, Dollar Tree, Hormel Foods, Five Below, Royal Bank of Canada, Toronto-Dominion Bank, Dell Technologies, Kroger, and Bank of Montreal.
US stocks
US stocks closed mixed on Friday.
The Dow Jones Industrial Average rose 117.12 points, or 0.33%, to 35,390.15. The S&P 500 gained 2.72 points, or 0.06%, at 4,559.34. The Nasdaq Composite fell 15.00 points, or 0.11%, to 14,250.86.
The US dollar fell to 149.48 yen from 149.60 Japanese yen. The euro rose to $1.0945 from $1.0884. The yield on the 10-year Treasury rose to 4.47% from 4.41%. The yield on the 2-year Treasury rose to 4.95% from 4.90%.
The US crude benchmark for January delivery fell $1.56 to $75.54 a barrel on Friday. Brent crude for January delivery fell 84 cents to $80.23 a barrel.
Natural gas for December delivery fell 4 cents to $2.86 per 1,000 cubic feet.
Gold for December delivery rose $10.20 to $2,003 an ounce. Silver for December delivery rose 65 cents to $24.34 an ounce.
In foreign markets, stocks were mostly higher in Europe, while Asian markets ended mixed.
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Updated: 26 Nov 2023, 20:10 IST
(tagsTo Translate)Wall street