The stock market is expected to open higher on Monday, following gains in the previous week. Investors will be looking ahead to a busy week of economic data, including reports on retail sales, industrial production, and consumer sentiment.
On Friday, the S&P 500 closed up 0.6%, while the Dow Jones Industrial Average and the Nasdaq Composite Index both rose 0.7%. The gains were broad-based, with all 11 sectors of the S&P 500 ending the day higher.
Investors are also looking ahead to the Federal Reserve's meeting on Wednesday and Thursday. The Fed is widely expected to raise interest rates by 50 basis points at the meeting. However, investors will be watching closely for any hints about the pace of future rate hikes.
Overall, the stock market is expected to remain volatile in the near term, as investors continue to assess the impact of rising inflation and interest rates on the economy. However, with earnings season in full swing, investors will also be looking for signs of continued economic growth.
Here are some of the factors that could affect the stock market on Monday:
- Economic data, including reports on retail sales, industrial production, and consumer sentiment
- The Federal Reserve's meeting
- Earnings reports from major companies
Here are some of the risks that could weigh on the stock market in the near future:
- Rising inflation
- Rising interest rates
- Slowing economic growth
Overall, the stock market is expected to remain volatile in the near term. However, with earnings season in full swing, investors will also be looking for signs of continued economic growth.
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