Daily Markets: Stocks Face Jobs Data, Powell This Week

From Nasdaq:

Today’s Asia-Pacific equity markets ended mixed, with Australia down 0.13%, while Japan, South Korea, and Taiwan saw gains of up to 1.95%. European markets are midday mixed and US equity futures point to a modest start. This week is light on data, but key economic reports and Fed Chair Powell’s testimony will be closely watched for rate cut signals. OPEC+ extends production cuts which could boost the Energy sector. Congressional leaders aim to avoid a government shutdown with a bill. Markets ended higher Friday, with Technology leading up 1.83%. Indices up year-to-date: Dow 3.71%, S&P 7.70%, Nasdaq 8.42%, Russell 2000 2.43%, Bitcoin 48.75%, Ether 49.57%. Avade Pharmaceuticals and Sea Limited reporting earnings today with pre-market breadth showing strength. Shares of Li Auto down after February delivery numbers fall 35% MoM. Banco Santander cuts U.S. jobs focus on digital operations. Craft retailer Joann could file for bankruptcy. Arkhouse Management increases offer for Macy’s. Super Micro Computer to join S&P 500 index. AeroVironment, Paymentus, and StichFix to report earnings after market close. Japan, China, Eurozone, UK, and US data releases scheduled for the week ahead. Staying informed is key for investors – don’t forget to check earnings calendars and market indicators to make informed decisions.



Read more at Nasdaq:: Daily Markets: Stocks Face Jobs Data, Powell This Week