The S&P 500 rose by 0.3% before market this Monday and the Nasdaq by 0.6%…
(Boursier.com) — The S&P 500 rose 0.3% before market this Monday and the Nasdaq rose 0.6%, while the Dow Jones remained stable. The two highlights of the week are Nvidia’s GTC conference – which begins this Monday – and the Fed monetary meeting – which takes place on Tuesday and Wednesday.
This Monday on Wall Street, operators will follow the American real estate market index for March at 3 p.m. (consensus 48). There will be no major company publication listed on the American market today.
Tomorrow, Tuesday, the Fed’s monetary meeting begins. Investors will follow housing starts and building permits for the month of February at 1:30 p.m. (consensus at a rate of 1.45 million for construction starts and 1.5 million for permits). Tencent Music Entertainment also announces its quarterly accounts before market on Tuesday.
On Wednesday, the Atlanta Fed’s inflation expectations index for March will be released at 3 p.m., while the U.S. Department of Energy’s weekly report on domestic oil inventories for the week ended March 15 will be revealed at 3:30 p.m. The Fed’s monetary decision will be known at 7 p.m., with a very likely new status quo leaving rates unchanged on fed funds between 5.25 and 5.50%. Fed Chairman Jerome Powell will hold his press conference at 7:30 p.m.
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In the news of companies listed on Wall Street, PDD, Micron, General Mills, Chewy, BioNTech Or KB Homereveal their accounts on Wednesday.
On Thursday, operators will follow the weekly US unemployment claims for the week ended March 16 (1:30 p.m.), the Philadelphia Fed manufacturing index for March (1:30 p.m.), the current account balance for the fourth quarter (also 1:30 p.m. ), as well as the US composite flash PMI for March (2:45 p.m.), existing home resales for February (3 p.m.) and the Conference Board Leading Indicator Index (same time).
Accenture, Nike, FedEx, Lululemon, Darden Restaurants And FactSetalso publish their quarterly accounts on Thursday.
Finally, on Friday, investors will follow interventions by Jerome Powell, Philip Jefferson and Raphael Bostic of the Fed.