As we enter the week of November 18, it may seem quieter for investors and market watchers, but key economic data and highly anticipated earnings reports are still on the horizon. Here’s what to watch:

📅 Monday – Wednesday — No Major Events Scheduled

While there are no major releases, a few Fed members are speaking, which could provide insights into monetary policy.

📅 Thursday, November 21 — U.S. Unemployment Claims

This week’s unemployment claims will provide valuable insights into the labor market. With recent interest rate cuts, this data will indicate how businesses are responding to lower borrowing costs and its impact on hiring.

📅 Friday, November 22 — U.S. Flash Manufacturing & Services PMIs Two key reports to wrap up the week:

• Flash Manufacturing PMI: Gauges trends in industrial production and overall health in manufacturing.
• Flash Services PMI: Offers a snapshot of the services sector, a major driver of the U.S. economy.

These updates will shed light on economic resilience and could influence the Fed’s future decisions.

💼 Earnings to Watch

📅 Tuesday, November 19 — Walmart (WMT)

Retail giant Walmart will release its earnings, offering a look into consumer spending trends amid interest rate cuts. As a leader in retail, Walmart’s performance often signals the health of the broader sector.

📅 Wednesday, November 20 — Target (TGT) & Nvidia (NVDA)

Along with Walmart, Target’s earnings will highlight consumer behavior and its potential impact on retail going into the holiday season. A key player in the semiconductor and AI industries, Nvidia is expected to report strong revenue growth driven by GPU demand in data centers, gaming, and AI applications.

Watch closely for insights into the tech sector’s trajectory. Stay informed and prepared as the week unfolds with these critical updates!