Company / Analytics

Analytics, 24 May 2021

What will drive the markets this week?

Stock equities closed lower last week, weighed down by technology and consumer discretionary sectors and the continuing inflation concerns.

This week presents the tail end of the earnings seasons, with retailers such as BestBuy, Costco, and The Gap, and tech names including Snowflake, Salesforce & Nvidia reporting their profits in the first quarter.

Investors will also digest a handful of economic reports on housing and consumer sentiment and expectations.

President Biden will unveil his administration’s FY’22 budget on Friday, and analysts are bracing for a bigger number as we’ve seen with the stimulus package and tax proposals.

Monday, May 24:

Tuesday, May 25:

Wednesday, May 26:

Thursday, May 27:

Friday, May 28:

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