HomeIndustriesInvestors Await Wave of Big Box Earnings Led By Target, Walmart

Investors Await Wave of Big Box Earnings Led By Target, Walmart

Investors are bracing themselves for a week of quarterly financial results from the United States’ premium Box Box stores, with the likes of Walmart and Target leading the charge. Home Depot, TJX Companies, Deere & Co., and Ross Stores are also set to release their earnings. Tuesday remains in focus due to the release of the July retail sales report, which should provide a more detailed outlook on the U.S. retail market at large.

On Wednesday, minutes from the Federal Reserve’s July meeting are due to be released. This data, together with July’s retail sales, is expected to provide insight into the trajectory of stocks following an average month of trading so far. Stocks on the Dow Jones Industrial Average rose 0.6% for the week, with both the S&P 500 and the Nasdaq Composite Index incurring weekly losses.

Core CPI rose by 0.2% in July, remaining in line with June’s figure. This marks the first time since February 2021 that core CPI has risen by just 0.2% in consecutive months.

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