U.S. stocks muted with key inflation reading, earnings ahead this week
Investing.com -- U.S. stocks mostly held around the flatline on Monday, as investors geared up for a week of key economic data releases and a slew of quarterly corporate earnings.was mostly unchanged but remained above the 5,000-point mark -- a milestone it closed above for the first time ever on Friday.
The tech-heavy Investors will have the chance to parse through several speeches from Federal Reserve policymakers on Monday that could provide more insight into the path ahead for interest rates. Hopes are rapidly fading that the Fed could slash rates as soon as its March meeting, particularly after Chair Jerome Powell said last month that inflation is still running above the central bank's 2% target. Powell later reiterated this stance, telling the CBS news show"60 Minutes" that the Fed can take a"prudent" approach to possible cuts. Even still, he said that the U.S. economy seems to be on course for a so-called"soft landing," a scenario in which the Fed successfully cools inflation without sparking an economic meltdown and steep job losses. However, Powell noted, the Fed must now find a way to balance the twin risks"moving too soon...or too late." He added that rate-setters will be keeping a close eye on upcoming data to confirm that inflation is continuing to ease. The comment amplifies the importance of Tuesday's publication of the U.S. consumer price index for January, which is expected to show that headline price growth in the world's largest economy slowed on both an annual and monthly basis. A slew of corporate earnings is also due out this week, with more than 60 firms in the S&P 500 set to unveil quarterly results. Some of these names, including Coca-Cola , may provide some insight into the health of the U.S. consumer. Analysts will be keen as well to sift through second-quarter figures from Cisco Systems will also be removed; self-promotional material or business-related solicitations or PR , and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.yeah but the big money is now selling - the fraud continues and the market manipulation is dreadful, but money for the past few months has been flowing out of China and Asia and into US stocks, especially big tech - now the flow is going the other way - the insiders have all sold out of the US stock market, so it's time to dump it - major sell off incoming!Honestly, I don't know why there seems to be unendng speculation and consternation over whether the FED will cut interest rates in March: they will not, and Powell has said that. So back off about it. {username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Block User Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Block User {commentContent} Reply 00 Report Show more comments Show more replies Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Enphase’s ‘good enough’ quarter pushes stock 14% higherEnphase’s revenue drops 58% to $303 million
Read more »
Stock futures are little changed as investors parse fresh quarterly results: Live updatesInvestors also remain focused on forecasting when a rate cut from the Federal Reserve will come to fruition.
Read more »
Top House Dem faces renewed ethics complaint over wife's $1.5M stock paydayThe Center for Renewing America, a conservative policy group, has filed an ethics complaint against Rep. Jamie Raskin, D-Md., for failing to disclose his wife's stock trades.
Read more »
Stock Market Today: S&P 500 closes at record as unprecedented 5,000 level in focusStock Market Today: S&P 500 closes at record as unprecedented 5,000 level in focus
Read more »
Your guide to the 2024 San Antonio Stock Show & RodeoBefore you put your boots on and head to the grounds, we’ve put together a guide for hours, ticket prices, entertainment, parking and more.
Read more »
Muted celebrations kick off Lunar New Year in Oakland ChinatownIn the Bay Area, Year of the Dragon marks a time for the Chinese -- and a number of Asian cultures -- to celebrate new beginnings and high hopes for the next 12 months.
Read more »