Investing.com — Stocks drove higher on Tuesday after mostly positive earnings reports from big banks.
As earnings continue to pour out this week from companies, investors will get to hear from executives about business and consumer spending trends. Retail sales numbers for June showed spending still rising but at a lower-than-expected pace.
The Federal Reserve is getting ready to meet later this month with expectations that it will raise interest rates another quarter of a percentage point as it tries to beat inflation back to its 2% target rate. Consumer prices and producer prices for June showed inflation cooling at a faster-than-expected pace, stoking hopes that the Fed would reach the end of its interest rate increases sooner rather than later.
Tech stocks have gotten a lift in recent days on those hopes. Reports from Netflix and Tesla on Wednesday could add momentum to that trend.
Next week, after the Fed announces its rate decision, investors will get reports on gross domestic product for the second quarter and the personal consumption expenditures index for June.
Here are three things that could affect markets tomorrow:
1. Goldman Sachs
The investment bank is likely to be affected by the deal slump on Wall Street. Goldman Sachs Group Inc (NYSE:) is expected to report earnings per share of $3.46 on revenue of $10.7 billion.
2. Netflix reports
Streaming giant Netflix Inc (NASDAQ:) is expected to report earnings per share of $2.84 on revenue of $8.27B.
3. Tesla earnings
Electric vehicle maker Tesla Inc (NASDAQ:) is expected to report earnings per share of 79 cents on revenue of $24.3B.
Discover behavioral finance strategies and pro tips to smarter investing. Elevate your financial decision-making today.
Explore the world of stock market anomalies and unlock their potential to boost your investment…
Discover expert tips on asset allocation strategies to maximize returns & minimize risks. Learn the…
Kaiser Permanente and labor unions reached a tentative agreement to resolve a contentious contract dispute…
Oct. 12, 2023 11:34 am ETAirlines have suspended flights into Israel en masse, leaving people…
Listen to article(2 minutes)In early 2019, an analyst asked Disney Chief Executive Bob Iger if…