Stocks, Nvidia earnings on Wednesday, retailers: 3 Things

After last week's historic record highs, markets (^DJI, ^IXIC, ^GSPC) are patiently waiting on the minutes from the most recent Federal Reserve meeting.

Chip giant Nvidia (NVDA) is set to report its first-quarter earnings on Wednesday, May 22.

Lastly, chief US retailers, among them Macy's (M) and Target (TGT), are also expected to report their latest earnings throughout this trading week.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.

Video transcript

Let's get right to it with the three things that you need to know this Monday morning, your road map for the trading day.

Finances, Jared Brian.

So the and Madison Mills have more stock futures muted.

After noting record highs last week, markets rallied over signs of cooling inflation, prompting markets to grow more optimistic over the prospect of the fed's interest rate cuts.

Of the central bank's latest minutes are going to be released Wednesday afternoon, investors more clarity on the timing of rate cuts plus markets brace for Nvidia's highly anticipated earnings results and guidance.

The A I chip darling is announcing its first fiscal first quarter earnings results after the closing bell on Wednesday, capping off reports from America's biggest tech Titans Wall Street believes NVIDIA grew its earnings by more than 400% year over year while revenue likely increased 242 percent so far.

And the stock has skyrocketed over 87% this year, easily outpacing rivals Intel and A MD and we'll get a check on the pulse of the consumer.

We have Macy's target bjs and Deckers reporting their quarterly reports as earnings season nears its end investors are going to watch the retail names closely for any signals about how consumers are faring against inflation.