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Wall Street week ahead: Investors’ focus on Fed minutes, flash PMI reports


On Wall Street in the week ahead, investors will focus on the minutes of the US Federal Reserve’s final monetary policy meeting and flash PMI reports.

In the coming weeks, investors will also focus on the earnings reports of several notable companies such as Nvidia, Analog Devices, Best Buy, Autodesk, and Deere.

The minutes of the October 31-November 1 FOMC (Federal Open Market Committee) meeting will be released on November 21.

A report on existing home sales will also be released on Tuesday.

On November 22, a report on initial jobless claims will be released.

The S&P flash US Services PMI and the S&P flash US Manufacturing PMI reports will be released on November 24.


The following companies are scheduled to announce their fourth quarter results – Zoom Video, BellRing Brands, Nvidia, Lowe’s, Medtronic, Analog Devices, Autodesk, Best Buy, Baidu, Dick’s Sporting Goods, Burlington Stores, HP, Nordstrom, Jack in the Box , and Deere.

US stocks

On Friday, US stocks rose slightly. The S&P 500 rose 5.78 points, or 0.1%, to 4,514.02. The Dow Jones Industrial Average rose 1.81, or less than 0.1%, to 34,947.28. The Nasdaq composite gained 11.81, or 0.1%, to 14,125.48.

The US dollar fell to 149.66 Japanese yen from 150.61. The euro rose to $1.0899 from $1.0857.

The yield on the 10-year treasury decreased to 4.43% from 4.44%.

Benchmark US crude for December delivery rose $2.99 ​​to $75.89 a barrel on Friday. Brent crude for January delivery rose $3.19 to $80.61 a barrel.

Natural gas for December fell 10 cents to $2.96 per 1,000 cubic feet.

Gold for December delivery fell $2.60 to $1,984.70 an ounce. Silver for December delivery lost 8 cents to $23.85 an ounce.

In global stock markets on Friday, Hong Kong’s Hang Seng fell 2.1%. Stock indices were mixed elsewhere in Asia and rose stronger in Europe.

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Updated: 19 November 2023, 10:51 PM IST

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