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Wall Street Week Ahead: Jobs Report, Broadcom Results Pose Next Hurdles for Stock Market Rally
Investors are watching whether September jobs data and Broadcom results can extend the rally after Nvidia projected 70% revenue growth.
- On Wednesday, AI bellwether Nvidia's blowout quarterly report boosted stocks, with investors now turning to semiconductor company Broadcom's earnings, valued at about $1.7 trillion.
- Strong corporate profit growth driven by massive spending on AI infrastructure is fueling the nearly four-year-old bull run in U.S. equities, with S&P 500 earnings on pace to climb 34.5% from a year earlier.
- Seeking hints about the Federal Reserve's interest rate plans, investors are focusing on monthly U.S. employment data due September 4 after July's report showed the job market stalled unexpectedly.
- Following a speech by Fed Chair Kevin Warsh on Friday, investors increased bets on a September rate hike, as markets grapple with inflation running above the central bank's 2% target.
- Reports from Dell Technologies and Palo Alto Networks are due next week, with Michael Reynolds, vice president of investment strategy at Glenmede, noting the reporting season has demonstrated "really robust core earnings power.
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12 Articles
12 Articles
Associated Press News+4 Reposted by 4 other sources
Wall Street week ahead: The market eyes the monthly jobs report
Wall Street will get several important updates this week about the health of the U.S. jobs market. On Tuesday, the U.S. will release its July report focusing on job openings and turnover.
·New York, United States
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The Economic TimesReposted by 
Times of India
Times of IndiaWall Street Week Ahead: Jobs report, Broadcom results pose next hurdles for stock market rally
In the coming week, the U.S. jobs data will be a focal point for investors, potentially impacting the Federal Reserve's interest rate strategies. Broadcom's quarterly results are anticipated right after Nvidia's stellar performance. The sustained rise in corporate profits is driving a bullish phase in U.S. equities, with optimism fueled by robust activities in the manufacturing and services sectors.
·Mumbai, India
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Wall St Week Ahead Jobs report, Broadcom results pose next hurdles for ...
·London, United Kingdom
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Broadcom's Jobs Data and Earnings Will Test Wall Street Next Week. Photo: iNews Media Group.
Coverage Details
Total News Sources12
Leaning Left5Leaning Right2Center4Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 36%
R 18%
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