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After another volatile week for the stock market prompted by worries over record high inflation and growing recession fears, investors can take a breather Monday as the financial markets will be closed in observance of Juneteenth.
This after U.S. stocks wrapped the worst week since the height of the 2020 pandemic.
|I:DJI||DOW JONES AVERAGES||29888.78||-38.29||-0.13%|
|I:COMP||NASDAQ COMPOSITE INDEX||10798.349529||+152.25||+1.43%|
However, the upcoming week is set to be another busy with the Federal Reserve, earnings and key economic reports on tap.
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
FED COULD ‘BREAK’ THE ECONOMY WITH AGGRESSIVE RATE HIKE CAMPAIGN, ANALYST SAYS
Kicking off the week for earnings will be Lennar Corporation before the market open on Tuesday.
On the economic data front, investors will take in existing home sales and the Chicago Federal Reserve's national activity index.
|KDP||KEURIG DR PEPPER INC.||34.35||-0.09||-0.26%|
|ON||ON SEMICONDUCTOR CORP.||52.46||-1.00||-1.87%|
|UAA||UNDER ARMOUR INC.||9.17||+0.22||+2.46%|
|IPGP||IPG PHOTONICS CORP.||88.56||+4.57||+5.44%|
Also, Keurig Dr Pepper and ON Semiconductor will replace Under Armour and IPG Photonics Corp. respectively in the S&P 500.
|TRN||TRINITY INDUSTRIES INC.||22.87||+0.44||+1.96%|
|ENDP||ENDO INTERNATIONAL PLC||0.35||+0.04||+12.61%|
|RRGB||RED ROBIN GOURMET BURGERS INC.||8.43||+0.74||+9.62%|
Under Armour and IPG Photonics will replace Trinity Industries Inc. and Yelp in the S&P MidCap 400. Trinity Industries and Yelp will replace Endo International plc and Red Robin Gourmet Burgers Inc. respectively in the S&P SmallCap 600.
|SHC||SOTERA HEALTH TOPCO INC||18.92||-0.51||-2.62%|
|URBN||URBAN OUTFITTERS INC.||20.97||+0.63||+3.10%|
|RAMP||LIVERAMP HOLDINGS INC.||26.45||+1.11||+4.38%|
Sotera Health Company and Shockwave Medical Inc. will replace Urban Outfitters and LiveRamp Holdings in the S&P MidCap 400.
|TCMD||TACTILE SYSTEMS TECHNOLOGY INC||7.11||+0.21||+3.04%|
|VRA||VERA BRADLEY INC.||4.65||-0.02||-0.43%|
|IRWD||IRONWOOD PHARMACEUTICALS INC.||11.42||+0.15||+1.33%|
|GHL||GREENHILL & CO. INC.||9.47||+0.04||+0.37%|
Urban Outfitters and LiveRamp Holdings will replace Tactile Systems Technology Inc. and Vera Bradley Inc. in the S&P SmallCap 600. Ironwood Pharmaceuticals Inc. will replace Greenhill & Co Inc. in the S&P SmallCap 600.
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Earnings on the docket for Wednesday include La-Z-Boy before the market open and HB Fuller, KB Home and Steelcase after the bell. Fortinet's 5-for-1 stock split will also take effect.
|FUL||H.B. FULLER CO.||60.30||-0.29||-0.48%|
The Federal Reserve will be in focus as chairman Jerome Powell gives his semiannual testimony to Senate lawmakers on monetary policy.