Daily Markets: Equities Look to Bounce Back, Nvidia and the Fed on the Radar
From NASDAQ MarketSite:
Asia-Pacific markets saw mostly lower finishes, with gainers including India’s SENSEX and China’s Shanghai Composite. European markets are mostly up with positive U.S. equity futures. Key events next week include Nvidia’s GTC conference and the Fed’s policy meeting. Inflation data this week may impact rate cut expectations that could lead to GDP and earnings forecast adjustments for 2024.
International Economy: China and Eurozone data upcoming. Domestic Economy: February industrial production numbers to be released. Markets: Technology sector posts gains while Real Estate and Utilities decline. Major indices show mixed performance year-to-date. Stocks to Watch: Adobe exceeds expectations, Ulta Beauty forecasts mixed, Nucor issues downside guidance, Uber and Lyft halt operations in Minneapolis, Samsung likely to receive $6 billion to expand chipmaking, United Airlines close to securing Airbus jets.
End of trading week with no companies set to report earnings after hours. Upcoming events include US housing data and Eurozone economic sentiment index. Thought for the Day: Stay positive in the face of challenges.
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