Micron, Nike, FedEx, and more stocks to glance this week

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The Christmas vacation is like a flash drawing near near, and the festive spirit is in fleshy swing as other folks tools up for celebrations, browsing sprees, and family reunions. Whereas handiest a couple of firms are set to launch earnings reports this week, the stock market is bracing for a doubtlessly pivotal 2d. This week, the Federal Reserve is anticipated to squawk whether or now no longer this can lower interest rates—a resolution that can even greatly impact the industrial and monetary panorama heading into 2025.
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With this crucial model on the horizon, let’s explore what lies ahead on this planet of the stock market this week.
Micron, Nike, and others will epic earnings
This week will be rather lighter for earnings reports. Amongst the important thing highlights, Micron Technology (MU) is determined to squawk its quarterly outcomes on Wednesday after the closing bell. On Thursday, Accenture (ACN) will unveil its monetary efficiency earlier than the gap bell. Later that day, every Nike (NKE) and FedEx (FDX) will take the spotlight, with their earnings reports scheduled for launch after the market wraps up.
Will the Fed slash the rate of interest?
The week ahead is packed with crucial macroeconomic info releases, initiating Tuesday with the U.S. retail gross sales epic for November, which is willing to provide insights into person spending traits. Furthermore, the Residence Builder Confidence Index for December will be unveiled, shedding mild on the outlook for the housing market.
Wednesday takes center stage because the Federal Originate Market Committee (FOMC) proclaims its highly anticipated resolution on interest rates. The CME Community’s FedWatch tool, which measures market expectations for Fed fund rate changes, expects a 25-basis-level rate lower. Following the resolution, Federal Reserve Chair Jerome Powell will discuss on the industrial outlook and monetary policy trajectory.
Thursday will characteristic the launch of the weekly initial jobless claims info, and alongside with that, the most fresh figures on existing house gross sales will be posted.
The week concludes on Friday with the launch of the Non-public Consumption Expenditures (PCE) Price Index, a key measure of inflation monitoring changes in person spending on items and services and products. Furthermore, the person sentiment epic for December will be unveiled.