Here are the 3 things we’re watching in the stock market in the week ahead

From CNBC: 2025-03-02 10:37:17

Investors on Wall Street shook off concerns over geopolitical tensions sparked by Trump’s Oval Office spat with Ukraine’s president. However, the S & P 500 and Nasdaq couldn’t recover from weekly losses. The week ahead will focus on more tariffs and fresh jobs data. Stocks closed with gains of over 1.3% on Friday. The Fed’s PCE index met expectations before the market rally accelerated at the close. The S & P 500 lost nearly 1% for the week, with the Nasdaq dropping 3.5% and the Dow gaining 1%.

The biggest economic report of the week is due Friday with the release of monthly employment data. Analysts project 160,000 nonfarm jobs added and an unchanged 4% unemployment rate for February. The Fed closely tracks employment data for interest rate decisions. Trade uncertainty makes it harder for investors to estimate earnings, leading to a cautious approach. Tariffs on Mexican and Canadian imports are set to take effect this week.

Earnings reports are expected from CrowdStrike, Broadcom, and Costco this week. CrowdStrike may see noise in its numbers due to discounting activities in contract renewals. Broadcom’s AI revenue and wireless business will be closely watched, while Costco is expected to report strong sales and margins. Wall Street is expecting revenues of $1.03 billion for CrowdStrike, $14.61 billion for Broadcom, and $63.07 billion for Costco.



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