Inflation, retail sales, and the market rally broadens: What to know this week
Stocks down last week, Nasdaq falls over 1% on tech sell-off; focus shifts to other industries in market rally with reports on inflation, retail sales, and earnings ahead.
- Bilawal Riaz
- 1 min read
Stocks ended last week lower, with the Nasdaq Composite experiencing a more than 1% drop due to a sell-off in the tech sector. However, the equal-weighted S&P 500 saw its seventh consecutive weekly gain as investors looked beyond major tech leaders for market momentum. This week, investors will closely watch the February Consumer Price Index report to gauge inflation trends before the Federal Reserve’s upcoming meeting. Retail sales and consumer sentiment reports are also on the economic calendar. Several companies, including Dollar Tree, Dollar General, Dick’s Sporting Goods, Adobe, and Ulta Beauty, are set to report quarterly earnings. There is a shift in market focus from tech stocks towards other industries, with signs of a broadening market rally. Economic data releases and earnings reports are scheduled for the upcoming week as well.