The Dow Jones Industrial Average (DJIA) tested all-new record highs early Monday, clipping into the high side in early trading before the weight of the upcoming week pushed investors back into familiar territory. A handful of Magnificent Seven (Mag7) companies will be posting their latest quarterly earnings this week, adding further high-impact events to an already burgeoning data docket.
Dow Jones price forecast
The Dow Jones clipped a record high in intraday trading on Monday, tapping 45,130 for the first time ever before slumping back into last week's congestion. The DJIA is now battling it out near 44,750 as investors gear up for a data and earnings-heavy week. The Dow is still buried deep in bull country, up over 22% from April's tariff-fueled bearish plunge to 36,615.
Facebook parent Meta Platforms (META) and computer services giant Microsoft (MSFT) will be holding their quarterly reviews on Wednesday, followed by Amazon (AMZN) and Apple (AAPL) on Thursday. The theme of the year will continue to be AI spending and services as investors begin to grow antsy about the justifications for companies to continue piling investment cash into AI projects.
GDP growth, Fed rate call, and NFP jobs all in the pipe
United States (US) Gross Domestic Product (GDP) figures for the second quarter are slated to be released early on Wednesday, followed by the Federal Reserve's (Fed) latest interest rate decision. Annualized US GDP is expected to rebound to 2.4% from Q1's -0.5% print, while the GDP Price Index is forecast to ease to 2.4% from 3.8%.
The Fed has been under increasing pressure from the Trump administration to trim interest rates fast and early, with President Donald Trump calling for a three-point reduction in the fed funds rate. Despite the White House's protestations, the Fed is broadly expected to keep interest rates on hold this week, with hopes for a quarter-point rate cut in September.
Core Personal Consumption Expenditures Price Index (PCE) inflation data from June will be released on Thursday. Headline inflation figures hit a bump and run through the second quarter, with much of the blame laid at the feet of the Trump administration's whipsaw trade and tariff policies. June's PCE inflation index is expected to tick upward once again, rising to 0.3% MoM from the previous 0.2%.
Friday will close out a heavy week with the latest US Nonfarm Payrolls (NFP) data. Median market forecasts expect a slight easing in headline job additions, with investors expecting around 110K net new employed positions in July compared to June's headline print of 147K.
Source: Fxstreet
Asia-Pacific markets fell as investors awaited the outcome of the ongoing U.S.-China trade talks. Investors also await the result of the U.S. Federal Reserve meeting due Wednesday stateside, where it...
Europe's Stoxx 600 index erased earlier gains to close 0.23% lower as investors turned less positive over the details of the U.S.-EU trade deal. Autos was among the worst-performing sectors, down 1.8...
Major bourses in Europe were higher on Monday, with the STOXX 50 adding 1.3% and the STOXX 600 gaining 1%, after the US and European Union reached a trade agreement over the weekend, easing transatlan...
The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The D...
European stocks closed mostly lower on Friday (July 25th) as markets continued to monitor the latest corporate earnings reports while awaiting the latest developments in trade relations between the Eu...
Oil prices slipped on Tuesday amid uncertainty about the global economic outlook following the U.S.-EU trade deal, and as investors awaited the U.S. Federal Reserve's interest rate decision. Brent crude futures were down 6 cents, or 0.1%, to...
Gold prices were little changed on Tuesday, hovering near a three-week low, as easing fears of a global tariff war and a stronger dollar dampened bullion's safe-haven appeal. Spot gold held its ground at $3,311.33 per ounce, as of 0401 GMT. The...
Gold prices held around $3,310 per ounce on Tuesday (July 29), near a three-week low, as signs of easing trade tensions and a strengthening US dollar dampened the metal's appeal. Investors are closely monitoring ongoing negotiations between the US...
Europe's Stoxx 600 index erased earlier gains to close 0.23% lower as investors turned less positive over the details of the U.S.-EU trade...
European governments and companies reacted with a mix of relief and concern on Monday (July 28th) to the framework trade agreement reached with US...
The United States and European Union have reached a landmark trade agreement that includes a 15% tariff on EU goods entering the U.S., President...
Major bourses in Europe were higher on Monday, with the STOXX 50 adding 1.3% and the STOXX 600 gaining 1%, after the US and European Union reached a...