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3 Things to Watch -Breaking

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© Reuters.

By Dhirendra Tripathi

Investing.com — The wild ride of stocks continued this week but in the opposite direction. Stocks plunged after posting triple-digit gains in the previous session.

While the Federal Reserve expected to leave rates unchanged, it signaled that they were open to raising them starting in March.

It is an aggressive change in Fed policy. Jerome Powell, Fed Chairman, previously played down the possibility of rate rises following the conclusion of tapering.

Fed’s stubbornly high inflation forced it to change its stance. Fed identified supply and demand imbalances as the primary driver of high inflation.

Inflation efforts have been accelerated by the Fed’s improvement in the labor force, which has seen the unemployment rate drop below 4% from pre-pandemic levels.

Wall Street believes that there will be a rate hike this March, which would then be followed by three more rates for the year.

Earnings continue to roll out, with Tesla (NASDAQ:) and Intel (NASDAQ:) coming after tonight’s closing bell.

These are the three factors that will impact markets tomorrow.

1. Apple earnings

Apple Inc (NASDAQ:)’s first-quarter revenue is seen at a record $118.68 billion and profit per share at $1.89, according to analysts tracked by Investing.com.

2. Visa earnings

Visa Inc On revenue of $6.79 trillion, Class A (NYSE:), is forecast to post a profit per share (1.70) in its first quarter. The After American Express (NYSE:) reported huge spending in the recent quarter, analysts will be looking for Visa’s view on the rebound.

3. Compcast earnings

Comcast Corp (NASDAQ) has a fourth-quarter revenue of $29.76billion. Profit per share is at 73c. Analysts want an update on its streaming efforts.

Staff from Investing.com contributed to the creation of this report

 

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