Company / Analytics

Analytics, 28 February 2022

What will drive the markets this week?

Global equities fell into correction territory last week following the geopolitical impacts of the Russia-Ukraine conflict, before staging a dramatic turnaround late in the week that saw the Dow register its best day since November 2020. In a week of wild swings in the market, the Dow closed down slightly as the S&P 500 and Nasdaq finished higher.

Meanwhile, defense stocks surged in Monday’s premarket trading. Oil prices also climbed higher but traded off earlier gains, after the SWIFT banking prohibition prompted fears that energy supplies could be indirectly affected.

This week, investors will read comments from Fed Chair Jerome Powell who is expected to testify before Congress on monetary policy ahead of the Federal Open Market Committee’s (FOMC) next two-day meeting that starts on March 15.

Investors can expect a stream of jobs data, final Purchasing Managers’ Index (PMI) readings and a stream of earnings from companies in multiple sectors including Zoom, Salesforce, Target, Broadcom, Best Buy, AMC, Dollar Tree, and Kohl’s and others.

Monday, February 28:

Tuesday, March 1:

Wednesday, March 2:

Thursday, March

Friday, March 4:

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