US Equity Investors to Focus on Fed Minutes, Data on Thanksgiving Week

MT Newswires Live
2024-11-25

US equity investors will focus on a reading on Q3 gross domestic product growth, the Federal Reserve's preferred inflation gauge, as well as Fed minutes for clues about the future path of monetary policy in a holiday-shortened week.

*US stock market will be closed on Thursday for the Thanksgiving holiday and will also close early at 1 pm ET the following day.

*The Federal Open Market Committee will release the minutes from its latest policy-setting meeting on Tuesday.

*A second reading on US Q3 gross domestic product growth is scheduled for release on Wednesday with forecasters expecting a no revision from the first reading at a 2.8% rate, according to estimates compiled by Bloomberg.

*The Personal Consumption Expenditure Price Index, the Fed's preferred measure of inflation, will also be released on Wednesday. The PCE price index is seen up 0.2% for October, while the core measure is seen up 0.3%.

*Traders are also looking ahead to Black Friday and Cyber Monday sales for an early indication on how strong the upcoming holiday shopping season will be.

*On the earnings front, BHP Group Limited (BHP), Analog Devices (ADI), Dell (Dell), and CrowdStrike (CRWD) are some of the major companies to report quarterly earnings this week.

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