Retailers' Earnings Reports and Fed Minutes Set to Shape Market Outlook

Wall Street investors are set to receive financial updates from several major retailers this week. Home Depot will report its latest earnings on Tuesday, followed by Target and Lowe's on Wednesday. The Federal Reserve will also release minutes of its most recent meeting.

The results will provide valuable insights into how businesses and consumers are handling high inflation. This is particularly relevant as inflation remains stubbornly high, affecting consumer spending and retail sales. Home Depot's earnings report on Tuesday will be closely watched by investors looking for signs of resilience in the face of rising costs and slowing demand.

Target and Lowe's will follow suit with their own reports on Wednesday, providing further context to the broader retail landscape. Walmart's results on Thursday are also expected to draw significant attention, as the company's sales performance has been closely tied to consumer spending habits.