Crossmark Global Investments IT Director Bob Doll on the potential market liquidation as the Federal Reserve aims to raise rates in 2022.
Investors are entering a big week with the Federal Reserve’s last meeting of the year and further control of inflation after consumer prices hit a 39-year high.
Still, the S&P 500 hit its first record close since November on Friday, while the Nasdaq Composite and Dow Jones Industrial Average posted gains of 0.7% and 0.6% respectively.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Me: DJI | MEDIUM DOW JONES | 35970.99 | +216.30 | + 0.60% |
| SP500 | S&P 500 | 4712.02 | +44.57 | + 0.95% |
| I: COMP | NASDAQ COMPOSITE INDEX | 15630.601036 | +113.23 | + 0.73% |
FOX Business takes a look at upcoming events that are likely to move Financial markets in the coming days.
Monday 13/12
Investors will keep a close eye on Apple stocks as their market value approaches $ 3 trillion. Wedbush analyst Dan Ives said the step was imminent due to strong demand for the iPhone 13.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 179.45 | +4.89 | + 2.80% |
The week’s kickoff for the winnings will be J Jill after the Monday bell. In other market news, radio frequency, analog, digital and mixed-signal integrated circuit supplier MaxLinear will transfer its listing from the New York Stock Exchange to Nasdaq.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| JILLE | J.JILL INC. | 15.39 | -0.12 | -0.77% |
| MXL | MAXLINEAR | 74.88 | +3.58 | + 5.02% |
In the world of politics, Secretary of State Antony Blinken will travel to Indonesia, Malaysia and Thailand from December 13-16 to meet with leaders and discuss a variety of topics including security, health, economy, interpersonal relationships. , the climate crisis, democracy, human rights and efforts to deal with the worsening crisis in Burma.
US Secretary of State Antony Blinken speaks at a joint press conference with Secretary of Defense Lloyd Austin, Deputy Prime Minister and Foreign Minister of Qatar Mohammed bin Abdulrahman al-Thani, and the Qatari Minister of Defense Khalid Bin Mohammed (Olivier Douliery / Piscine Photo via AP / AP Newsroom)
Vaccine manufacturers will also be the center of attention as the European Union begins administering doses of the Pfizer-BioNTech vaccine to children aged 5 to 11.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| PFE | PFIZER INC. | 52.78 | +0.70 | +1.34% |
| BNTX | BIONTECH SE | 257.68 | -26.53 | -9.33% |
Tuesday 14/12
On Tuesday, the Producer Price Index, the latest inflation check, is expected to post a 9.2% year-over-year jump, while core inflation which excludes food and l energy, is expected to increase by 7.3%. Also published is the Small Business Index of the National Federation of Independent Businesses.
The Federal Reserve’s Federal Open Market Committee meeting will also kick off its two-day meeting and Campbell Soup will host an Investor Day.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| CPB | CAMPBELL SOUP CO. | 43.15 | +0.97 | + 2.30% |
On Capitol Hill, the Senate will hold a hearing on stable coins and their risks and the House will hold a hearing on the urgent need to speed up vaccinations around the world.
Treasury Secretary Janet Yellen and Vice President Kamala Harris are also expected to announce new funding for minority-owned businesses and low-income communities at the 2021 Freedman’s Bank Forum.
Additionally, on Tuesdays, children ages 5 to 11 must begin showing proof of vaccination for restaurants and venues inside New York City.
Wednesday 15/12 /
Wednesday will be the busiest day for the market with the FOMC’s decision on interest rates and remarks by Federal Reserve Chairman Jerome Powell, which comes as new reports point to an acceleration in the inflation.
FILE – Federal Reserve Chairman Jerome Powell, right, testifies before the Senate Banking Committee on Capitol Hill. (AP Photo / Susan Walsh, Pool, File) (AP / AP Newsroom)
Investors will also see profits from Toro before the market opens, Lennar Corporation after the bell and a lot of economic data including retail sales, import price index, manufacturing index of the Empire State, The National Association of Home Builder’s Housing Market Index, Business Inventory, Weekly Mortgage Applications, and Weekly Crude Inventory from the Energy Information Administration.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Tax incl. | THE CIE TORO. | 99.89 | -0.86 | -0.85% |
| LEN | CORP. | 116.91 | +1.37 | + 1.19% |
In other market news, Samsara is expected to debut on the New York Stock Exchange. The software startup is looking to raise up to $ 805 million during the IPO by selling 35 million shares at a price of between $ 20 and $ 23 per share, according to a regulatory filing.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAL | AMERICAN AIRLINES GROUP INC. | 18.01 | -0.13 | -0.72% |
| UAL | UNITED AIRLINES HOLDINGS INC. | 44.05 | -0.39 | -0.88% |
| LCV | SOUTH-WEST AIRLINES CO. | 41.97 | -1.64 | -3.76% |
Other notable events include a Senate Trade Committee hearing with CEOs of American, United and Southwest Airlines on the impact of $ 54 billion in government salary support COVID-19 for U.S. airlines, the final payment of the child tax credit and the deadline to purchase government health insurance for 2022.
Thursday 16/12 /
Profits will rise Thursday with Accenture, Adobe and Jabil Circuit before the market opens and FedEx, Steelcase and Rivian after the bell.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| ACN | ACCENTURE PLC | 379.44 | +7.99 | + 2.15% |
| ADBE | ADOBE INC. | 654.45 | +21.88 | + 3.46% |
| JBL | JABIL INC. | 65.40 | +3.68 | + 5.96% |
| FDX | FEDEX CORP. | 246.28 | +1.78 | + 0.73% |
| SCS | CAS D’ACIER INC. | 11.80 | -0.13 | -1.09% |
This will be the first quarter for the Amazon-backed truck maker as a state-owned company.
Electric truck maker Rivian Automotive, which currently sources batteries from South Korean supplier Samsung SDI (006400.KS), plans to build battery cells in-house, its IPO dossier said on Friday. United States. (Photo by Michael Bro
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| RIVN | AUTOMOBILE RIVIAN INC. | 114.66 | -0.74 | -0.64% |
| AMZN | AMAZON.COM INC. | 3,444.24 | -39.18 | -1.12% |
The end of the week for economic data will be building permits, housing starts, initial and continuing jobless claims, industrial production, the Philadelphia Fed manufacturing index and capacity utilization.
Delta Airlines will also host its Capital Markets Day, which will feature a fireside chat with Delta CEO Ed Bastian and American Express CEO Stephen J. Squeri, and the European Central Bank will hold a meeting to decide whether to eventually end the emergency obligations. purchases.
Friday 12/17
The week will end with income from parent company Olive Garden, Darden Restaurants and Winnebago Industries.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| DRI | DARDEN RESTAURANTS INC. | 151.81 | +2.31 | + 1.55% |
| WGO | WINNEBAGO INDUSTRIES INC. | 68.25 | -1.08 | -1.56% |
| GSK | GLAXOSMITHKLINE PLC | 43.17 | +0.37 | + 0.86% |
The United States will also begin receiving doses of Glaxo-Smith-Kline’s monoclonal antibody treatment for COVID-19.
The federal government signed a billion dollar contract with the drugmaker on November 17 to purchase doses of sotrovimab. A phase 3 trial has shown that sotrovimab reduces hospitalizations and the risk of death by 79% in adults with mild to moderate COVID-19 who are at high risk of progressing to serious illness. Recent preclinical data has shown that sotrovimab retains activity in vitro against the peak protein of the Omicron variant.
