The floor of the New York Stock Exchange was occupied by traders.
Ahead of another round of retail earnings, S&P 500 futures dipped slightly Sunday evening.
The futures tied to the index were down. S&P 500 futures were down by 38 points. The futures were at the flat line.
The major averages had up days and down days in the last week. The index rose almost 200 points. The S&P and the Nasdaq finished above the flat line, but not by much.
The recent bear market rally started earlier in the month with the October consumer price index reading and gained steam with last week's reading on wholesale prices. Last week, traders were hung up on messages from the Federal Reserve, who were less enthusiastic about the figures.
The S&P 500 could reach 4,300 by the end of the year according to Ed Yardeni of Yardeni Research. The index is currently sitting at 3,962.34.
The resilience of the economy has made a huge difference in the market. There is no landing except for a soft landing or a hard landing. The consumer did not understand the recession and continued to spend.
Home Depot and Walmart have reported strong results despite Target's announcement that it will lay off 10,000 employees.
Retail stocks tend to be in the top three for November, but in the bottom three for December and the middle of the pack in January, according to Liz Young.
There is a place for seasonality in market analysis. She said that the economic cycle is stronger even during the time of year. We can all but conclude that we are late in the economic cycle because of the inverted yield curve, spikes in inflation, and commodity prices.
Ahead of Thanksgiving, investors will be busy with another group of retail earnings to digest before the start of the post- holiday shopping season. Dick's Sporting Goods, Dollar Tree, and Best Buy are some of the companies on the list.
There will be reports on durable goods, new home sales, unemployment claims, and consumer sentiment, as well as the release of the minutes from the last Fed meeting.
There is only one week left. The market will not be open on Thursday. The stock exchanges will be closed on Friday. The market will close at 2pm. There is an hour and a half later.
In the week ahead, investors may be a bit more cautious due to the bond market warnings about a recession and quiet trading.
Markets are expected to be quiet Wednesday and Friday because of the Thanksgiving holiday. Reports on Black Friday holiday shopping will be monitored by traders.
The senior managing director at Evercore ISI said it was a week where data dependence was the key phrase. The bias for stocks is higher if data continues to get worse and the Fed stays on itshawkish stance.
We're going to dive into what to expect in the week ahead.
The person is Tanaya Macheel.
Ahead of a shortened week for the Thanksgiving holiday, stock futures were little changed.
The futures were tied to the index. The S-P 500 futures were up by 0.03%.
The major averages had up days and down days in the last week. The index rose almost 200 points. The S&P and the Nasdaq finished above the flat line, but not by much.
The person is Tanaya Macheel.
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