In the upcoming week, there will be a focus on important economic indicators that are crucial for understanding the current financial landscape. Key reports will include the Personal Consumption Expenditures (PCE) Price Index and the second estimate for fourth quarter gross domestic product (GDP).
Investors are also anticipating several significant reports, including:
- Personal income and spending for January
- Consumer confidence data for February
Earnings reports will play a vital role in market movements, with notable companies scheduled to announce their results. Among them are:
- Nvidia, set to announce its fourth quarter results on Wednesday
- Home Depot
- Warner Bros. Discovery
- Intuit
- Salesforce
- Workday
On February 27, the second reading of GDP for the fourth quarter and pending home sales data for January will be released. This will be followed by reports on personal income, personal spending, the PCE index, the advanced US trade balance in goods, and the Chicago Business Barometer (PMI) on February 28. Market performance has experienced volatility, with the S&P 500 declining by 1.7% and the Nasdaq Composite Index dropping 2.2%. Recent data indicates a decrease in US services industry activity to a 25-month low, while consumer sentiment has seen a nearly 10% decline from January, according to a survey.
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