(CircleFinance.com) – The New York Stock Exchange was uncertain on Monday: the Dow Jones fell less than 0.4% to 39,357, while the S&P500 finished completely stable at 5,344 and the Nasdaq Composite advanced 0.2% to 16,781.
Signs of concern have been mounting for more than a month, with the Dow ending a four-week streak of gains last week and the Nasdaq falling more than 10 % from its recent high on July 10.
After the magnificent first half of the year for the stock markets, managers and analysts are now turning worried eyes towards a second half that could bring more turmoil.
The main questions that most stakeholders ask will involve determining whether the American economy is headed for a soft landing or a possible fall back into recession. Also, the weekly data will be analyzed in detail.
This trend could be mainly influenced by retail sales in the United States for the month of July (to be published on Thursday), with the consensus forecasting an increase of 0.3% after the stability of the previous month .
The various inflation figures (Tuesday’s producer prices, Wednesday’s consumer prices and Thursday’s import prices) should definitely confirm the position of a rate cut from next month.
As for products, spending will also be in the spotlight this week with the quarterly reports from Home Depot on Tuesday, then from Walmart on Thursday. The performance of Cisco, the networking equipment giant, is also closely watched.
2024-08-13 05:25:00
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