1 week ago
Wall Street Eyes Warsh, Inflation and Nvidia Earnings
Investors are getting ready for a busy week in the United States.
Kevin Warsh, the Federal Reserve chairman, is expected to give an important speech.
Investors hope it will provide clues about future interest-rate decisions.
They will also study a measure of inflation called PCE.
Nvidia will announce its latest financial results on Wednesday.
People will pay close attention to how much companies are spending on artificial intelligence technology.
The government will sell several groups of Treasury bonds during the week.
U.S. stock markets finished higher on Friday after a difficult week.
Federal Reserve Chairman Kevin Warsh is scheduled to speak at the Jackson Hole symposium from August 27 to August 29.
Investors will watch July PCE inflation data, the Federal Reserve’s preferred inflation measure.
Nvidia is scheduled to report quarterly results after Wednesday’s closing bell, with AI demand a key focus.
The U.S. Treasury plans to auction $69 billion of two-year notes, $70 billion of five-year notes and $44 billion of seven-year notes.
U.S. stocks ended Friday higher, with the S&P 500 up 0.4%, the Dow up 1% and the Nasdaq up 0.4%.
- Who
- Federal Reserve Chairman Kevin Warsh, U.S. economic officials, Treasury officials and companies including Nvidia.
- What
- Investors will assess a Federal Reserve speech, inflation and economic data, corporate earnings, Treasury auctions and stock-market conditions.
- Where
- The events concern U.S. financial markets; Warsh is scheduled to speak at the Jackson Hole symposium.
- When
- The week of August 24, with the Jackson Hole symposium scheduled for August 27–29 and Nvidia’s results expected Wednesday after the close.
- Why
- Investors are seeking greater clarity on interest rates, inflation, the strength of the economy and whether the artificial-intelligence-driven market rally can continue.
Key facts
- Jackson Hole symposium
- Scheduled for August 27–29 and expected to feature leading central bank officials.
- Key inflation report
- July Personal Consumption Expenditures data are scheduled for release on August 26.
- Nvidia earnings
- Nvidia is scheduled to report quarterly results after the closing bell on Wednesday.
- Treasury auctions
- The Treasury plans to sell $69 billion of two-year notes, $70 billion of five-year notes and $44 billion of seven-year notes.
- Additional economic data
- Reports include the second estimate of second-quarter GDP, July new home sales, August consumer confidence and July durable-goods orders.
- Friday market close
- The S&P 500 closed at 7,674.37, the Dow Jones Industrial Average at 53,277.01 and the Nasdaq Composite at 26,180.45.
Sources
Related news
US Futures Edge Lower Before Nvidia Earnings, Inflation Data
Wall Street Ends Nearly Flat as Inflation Tops Expectations
Wall Street Futures Edge Lower Ahead of Warsh Speech
Asian Shares Flat Ahead of Iran Sanctions, Nvidia Results
Warsh’s Jackson Hole Speech Tests Fed Independence and Inflation Strategy
Nvidia Earnings Lift US Futures as Rate Concerns Persist
Jensen Huang Says AI Will Change Jobs, Not Eliminate Them
Dell Unveils AI-Focused Commercial Portfolio for Indian Enterprises
Sam Altman Defends OpenAI Amid Data Centre Backlash
Former Google Engineer Sentenced for Stealing China AI Secrets
Beijing Bar Uses Free AI Tokens to Attract Tech Crowd
