Economic Indicators and Corporate Earnings Drive Market Momentum
The upcoming week is set to be driven by key economic indicators and corporate earnings. The S&P 500 index remains above its rising 52-week moving averages, indicating an intact long-term uptrend.
Economic data includes the employment report, manufacturing and services activity, JOLTS job openings, ADP employment, weekly jobless claims, and Federal Reserve commentary.
Companies such as Palantir, Caterpillar, AMD, SpaceX, Eli Lilly, Shopify, and others will also provide insight into their performance through earnings reports.