Key Takeaways
Markets will be closed for the Labor Day holiday Monday.
While reports on job openings and private-sector hiring will set the stage earlier in the week, August jobs data will capture attention on Friday.
This week's technology company earnings include Broadcom, Hewlett Packard Enterprise, and Zscaler.
Retailers Dollar Tree, Big Lots, and Dick’s…
KEY TAKEWAYS
The Roundhill Magnificent Seven ETF suffered its largest daily decline on record on Wednesday.
Investors fled America's tech giants after earnings reports from Tesla and Alphabet raised concerns about the cost of artificial intelligence investments and the sustainability of the Mag Seven's blistering earnings growth.
Still, the group is expected to report that…
KEY TAKEWAYS
U.S. equities sank at midday Wednesday as tech stocks tumbled in the wake of disappointing earnings reports.
Tesla shares plunged after the electric vehicle maker missed earnings estimates as it cut prices to boost sales.
AT&T shares rose after the company posted better-than-expected postpaid phone net additions and free cash flow.
U.S. equities…
The S&P 500 closed at a record high seven times in June as a string of earnings reports from the likes of Broadcom (AVGO) and Oracle (ORCL) showed demand for artificial intelligence (AI) and the wares that make it work remained as healthy as ever.
Heading into the second half of the year, the tech sector has momentum on its side…
KEY TAKEAWAYS
The Federal Reserve's preferred measure of inflation, the Personal Consumption Expenditures (PCE) index, will be released Friday. The inflation data and a slew of other indicators during the week will be closely watched amid hopes that continued indications of sluggish economic activity could spur the Fed to cut interest rates.
Several Federal Reserve…
KEY TAKEAWAYS
Markets, federal offices, and most banks are closed Wednesday for the Juneteenth national holiday.
Several Federal Reserve officials are scheduled to comment after last week’s interest rate decision and updated economic forecasts.
Earnings reports from homebuilders Lennar and KB Home are scheduled close to several housing-market indicators, including existing home sales and housing…