【US Stock Market Preview This Week｜8.10-8.16】
Last week’s US stocks saw a strong rebound: the S&P 500 rose 3.58% for the week and hit a new closing high, the Nasdaq gained 5.19%, and the Dow rose 2.96%. July nonfarm payrolls fell by 23,000 and the unemployment rate was 4.1%, prompting the market to lower expectations for the September rate hike.
This week’s macro key points: 8.12 CPI, 8.13 PPI, 8.14 retail sales.
As for earnings reports, focus on:
8.10: RKLB, ASTS, HIMS
8.11: SMCI, CRWV
8.12: NBIS, CSCO
8.13: AMAT
In addition, 8.11 will release existing home sales; 8.13 features speeches by Hammack and Barkin; and 8.14 will release the initial reading of the University of Michigan consumer sentiment index.
External risks continue to center on the Strait of Hormuz and oil prices; Intel announced plans to issue $15 billion in common stock.
Last week’s US stocks saw a strong rebound: the S&P 500 rose 3.58% for the week and hit a new closing high, the Nasdaq gained 5.19%, and the Dow rose 2.96%. July nonfarm payrolls fell by 23,000 and the unemployment rate was 4.1%, prompting the market to lower expectations for the September rate hike.
This week’s macro key points: 8.12 CPI, 8.13 PPI, 8.14 retail sales.
As for earnings reports, focus on:
8.10: RKLB, ASTS, HIMS
8.11: SMCI, CRWV
8.12: NBIS, CSCO
8.13: AMAT
In addition, 8.11 will release existing home sales; 8.13 features speeches by Hammack and Barkin; and 8.14 will release the initial reading of the University of Michigan consumer sentiment index.
External risks continue to center on the Strait of Hormuz and oil prices; Intel announced plans to issue $15 billion in common stock.