Marathon earnings, CPI and Fed speeches top week ahead
Why is the stock market seeing indecisiveness?
Carnivore Trading CEO Dutch Masters and The Fitz-Gerald Group Principal Keith Fitz-Gerald provide insight on quality stocks on ‘Making Money.’
Another busy week for investors is almost upon us with half a dozen Fed speeches, new CPI data and earnings across industries from energy to hospitality filling the week.
The stock market is coming off a somber week with the Nasdaq Composite unable to escape the bear market it's been stuck in since March 2022. The Nasdaq lost 1.56% last week, and the S&P lost just 0.71%, while the Dow Jones Industrial Average was little changed from the previous week.
NASDAQ COMPOSITE INDEX
DOW JONES AVERAGES
FOX Business breaks down this week's top market events:
Apple will hold an in-person summit on AI for employees as major tech rivals, including Microsoft with ChatGPT and Google with Bard, have an ignited an AI war.
BILL GATES SAYS CHATGPT WILL 'CHANGE THE WORLD,' MAKE JOBS MORE EFFICIENT
Monday, Feb. 13
On Monday, Starbucks will change its rewards program, increasing the amount of stars necessary to redeem products such as drinks or branded merchandise.
On the earnings docket are cybersecurity firm Check Point Software and food processing company Treehouse Foods.
CHECK POINT SOFTWARE TECHNOLOGIES LTD.
TREEHOUSE FOODS INC.
After the bell, investors will hear from Angi, Avis Budget Group, Denny’s and Palantir Technologies, a data analytics firm that has been instrumental in Ukraine.
AVIS BUDGET GROUP INC.
PALANTIR TECHNOLOGIES INC.
Tuesday, Feb. 14
Tuesday is Valentine's Day. The Senate will conduct a hearing on the impact of a crypto crash to see how it can prevent cryptocurrencies from breaking investors' hearts.
Tuesday will also see Microsoft permanently disable Internet Explorer after 25 years.
Also on Tuesday, investors will hear from the Dallas Fed's Lorie Logan at 11 a.m., and the New York Fed's John Williams. Last week, Williams announced the Federal Reserve will likely operate under a high interest rate environment for a few years.