What to Expect in the Markets This Week Key Events: Fed Rate Decision, Big Earnings Reports, and Key Economic Data

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Samiat

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Nov 12, 2024
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What to Expect in the Markets This Week
Key Events: Fed Rate Decision, Big Earnings Reports, and Key Economic Data

Highlights:

  • The Federal Reserve is set to announce its interest rate decision on Wednesday.
  • Major earnings are expected from Palantir, Ford, AMD, Disney, Uber, and more.
  • Key economic data releases include consumer credit, productivity, and the U.S. trade balance.
A busy week lies ahead for investors as the Federal Reserve prepares to deliver its interest rate decision on Wednesday. Alongside that, earnings season continues with several big names across tech, automotive, and entertainment sectors reporting results — including Palantir, Advanced Micro Devices (AMD), Uber, and Walt Disney.

Markets will also be digesting fresh economic indicators such as consumer credit, productivity numbers, and the latest U.S. trade balance. The week follows a strong market rebound in late April, as the S&P 500 extended its winning streak. Adding to the headlines, Warren Buffett signaled plans to step back from day-to-day operations at Berkshire Hathaway by year-end.

Weekly Calendar:

Monday, May 5

  • S&P Global Services PMI (April)
  • ISM Services PMI (April)
  • Earnings: Palantir (PLTR), Ford (F), Vertex Pharma (VRTX), Tyson Foods (TSN), Clorox (CLX), Onsemi (ON)
Tuesday, May 6

  • Federal Open Market Committee (FOMC) meeting begins
  • U.S. Trade Deficit (March)
  • Earnings: AMD (AMD), Ferrari (RACE), Arista Networks (ANET), Duke Energy (DUK), Marriott International (MAR), Electronic Arts (EA)
Wednesday, May 7

  • FOMC Interest Rate Decision
  • Fed Chair Jerome Powell’s Press Conference
  • Consumer Credit (March)
  • Earnings: Uber (UBER), Walt Disney (DIS), Novo Nordisk (NVO), Arm Holdings (ARM), DoorDash (DASH), AppLovin (APP), Carvana (CVNA), Occidental Petroleum (OXY)
Thursday, May 8

  • Initial Jobless Claims (week ending May 3)
  • U.S. Productivity (Q1)
  • Wholesale Inventories (March)
  • Earnings: Shopify (SHOP), ConocoPhillips (COP), Coinbase (COIN), Anheuser-Busch InBev (BUD), Kenvue (KVUE)
Friday, May 9

  • Fed Speakers: Lisa Cook, Christopher Waller, John Williams, Beth Hammack, Alberto Musalem, Austan Goolsbee
 
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