Dow Jones today finished in the green along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Overall, markets rallied to close the week. The U.S. Dollar price fell substantially after 40-year highs. The Federal Reserve meets next week and is expected to raise interest rates by 75BPS. Investors want to hear that the Fed is pivoting. Tom White weighs in on the upcoming economic data next week and highlights the Employment Situation report. Earnings to be released include Uber Technologies (UBER), Pfizer (PFE), SoFi Technologies (SOFI), AMD Inc. (MAD), Airbnb (ABNB), CVS Health (CVS), Etsy Inc. (ETSY), eBay Inc. (EBAY). Peloton (PTON), Moderna (MRNA), PayPal (PYPL), Block (SQ), Starbucks (SBUX), and Coinbase (COIN).
28 Oct 2022