Stock Groups

3 Things to Watch -Breaking

[ad_1]

© Reuters

By Liz Moyer

Investing.com — U.S. stocks tumbled again on Wednesday as investors just can’t shake off the worrisome weight of inflation.

As investors have dipped into riskier investments in the recent weeks, tech stocks are leading market declines. Wednesday’s consumer price index for April showed price increases have slowed down but are still at elevated levels. This has led to speculation that the Federal Reserve may act more aggressively during upcoming meetings.

Thursday will bring us producer price information. It tells how much companies are receiving for their services and goods at the factory. Expect a slowdown in growth for the top numbers and those that are stripped of food and fuel.

The data will include the latest jobless claims from the week before. This is being used by analysts to assess the strength of labor markets that have had low rates for several decades.

Shopping habits will also be an indicator of the state of the economy. As the last breath of their latest earnings season, retail companies will be reporting next week. Although it’s a bit backward-looking in terms of numbers, analysts are going to be paying attention to the statements made by companies about their store traffic, online sales, inventory management, etc.

These are the three factors that will impact markets tomorrow.

1. Disney Earnings

Walt Disney Company (NYSE:) reported after the closing bell today, and shares rallied because it didn’t disappoint on streaming. The adjusted share price was $1.08, compared to $1.19 expectations. Comparable to $20 billion expectations, revenue of $19.25billion was achieved. Its Disney+ streaming service had 137.7 million subscribers versus 135 million expected. Although shares are down 30% from January, they could rebound a little when trading resumes Thursday.

2. Producer prices

Investing.com analysts track the number and expect it to grow by 10.7% year-over-year, 0.5% per month. These numbers would fall from previous readings.

3. Core prices

The prices that exclude volatile fuel are forecast to increase by 8.9% and 0.6% respectively for the year, a decrease from the previous reading. At 8:30 AM ET, both data reports are available. 

[ad_2]