US equities (^GSPC, ^DJI, ^IXIC) are mixed on Monday morning as the market awaits consumer confidence, GDP, and initial jobless claims data. Personal Consumption Expenditures (PCE) data, the Federal Reserve's preferred measure of inflation, is also slated for release. Carnival Cruises (CCL), FedEx (FDX), Nike (NKE), Micron (MU), and Levi's (LEVI) will also report quarterly results this week. Yahoo Finance Anchors Brad Smith and Madison Mills explain what investors should watch for this week and how it may impact the broader market. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
The final trading week of the first half of the year will greet investors with a quieter economic and earnings calendar, with the Fed's favored inflation reading serving as the key highlight.
Next week, the Bureau of Economic Analysis will release May's Personal Consumption Expenditures (PCE) data, the Federal Reserve's preferred measure of inflation. Multiple Federal Reserve leaders will speak throughout the week, including Fed governors Christopher Waller, Michelle Bowman, and Lisa Cook, and San Francisco Fed president Mary Daly. Companies such as Nike (NKE), Micron (MU), FedEx (FDX), General Mills (GIS), and BlackBerry (BB) will post earnings. President Joe Biden and former President Donald Trump will debate each other on June 27. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino