WEEKLY MARKET OUTLOOK đ
đ·Tues: Consumer Confidence, JOLTs; $MSFT $AMD $SBUX $PYPL Earnings
đ·Wed: ADP Payrolls, Employment Cost Index, Pending Home Sales; Fed Rate Decision, Powell; $META $ARM $QCOM $BA Earnings
đ·Thurs: Jobless Claims, ISM Mfg. PMI; $AAPL $AMZN $INTC Earnings â ïž
đ· Fri: Jobs Report; $XOM $CVX Earnings â ïž
đ¶US stocks were set to extend gains as traders prepared for a raft of economic data releases, US tech earnings and central bank decisions that will be critical in shaping the trajectory of market.
đ¶Futures contracts for both the S&P 500 and Nasdaq 100 rose 0.2% on Tuesday, while the dollar and Treasury yields were little changed.
đ¶Europeâs Stoxx 600 index advanced 0.5% after the euro-area economy expanded more than expected in the second quarter, easing fears about the pace of an economic recovery.
đ¶Later on Tuesday, tradersâ focus will turn to a Microsoft Corp.âs earnings release due after the US close to determine whether megacaps can turn the tide after an underwhelming start to the reporting season.
đ¶US policymakers are widely expected to keep rates unchanged at a two-decade high. Still, investors expect that officials will signal a move in September as risks grow of imperiling a solid but moderating job market.
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