Inflation and retail sales data greet a roaring stock market rally: What to know this week
Published On Nov 10, 2024, 7:45 AM
The stock market is experiencing a strong rally, with major indexes reaching record highs in light of a recent presidential election win by Donald Trump. The S&P 500 and Dow Jones saw gains of more than 4.5%, while the Nasdaq climbed nearly 6%. In the coming week, important economic data on inflation and retail sales are scheduled for release, which will be critical for the Federal Reserve's interest rate decision-making. Major companies like Home Depot, Cisco, and Disney will also report their quarterly earnings. Disney's streaming division has shown promise despite challenges in linear TV and theme parks, while broader market trends indicate a potential for further gains driven by reduced government regulation expectations under a Trump presidency. Small-cap stocks are being eyed for future investment, but current earnings estimates indicate caution is necessary.