© Reuters
AVGO
+0.26%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
LULU
+0.53%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
US Corn
+0.08%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Investing.com — Stocks were rising as investors anticipate jobs data on Friday that could convince the Federal Reserve to pause on further interest rate increases.
Right now, futures markets anticipate the Fed will hold steady on rates in September, when it next meets on rate policy. Recent economic reports could solidify that view.
The estimate for second quarter gross domestic product out Wednesday was cooler than expected, as were job openings data and a private payrolls report. Fed Chair Jerome Powell has already suggested there could be room for the Fed to wait on another rate increase while policy makers assess the progress of their actions to date. But he was also clear that the Fed would raise rates again if necessary.
Futures markets put a 41% probability on a quarter of a percentage point increase at the November meeting.
Inflation data due out on Thursday will also likely be a factor in the Fed’s decision.
Here are three things that could affect markets tomorrow:
1. Inflation data
The Fed’s preferred inflation measure for July is due out at 8:30 ET (12:30 GMT). Core PCE is expected to rise 4.2% year over year and 0.2% from the prior month. The headline personal consumption expenditure index is expected to rise 3.3% for the year and 0.2% from the prior month.
2. Broadcom earnings
Broadcom Inc (NASDAQ:AVGO) is expected to report earnings per share of $10.43 on revenue of $8.85 billion.
3. Lululemon earnings
Athleisure apparel maker Lululemon Athletica Inc (NASDAQ:LULU) is expected to report earnings per share of $2.53 on revenue of $2.17 billion.
Source: Investing.com
