Futures are up big as the Dow and S&P 500 look to lock in a four-day winning streak — and more in Tuesday’s stock market recap.
Tuesday’s Consumer Confidence data as well as athletic apparel company Lululemon’s earnings report will give investors an idea of what to expect from Wednesday’s gross domestic product report (GDP). Retail sales make up 70% of GDP, so it’s always important data to consider.
GDP will further indicate whether or not the Federal Reserve should continue raising interest rates as aggressively as planned, or pull back slightly. If Lululemon has a poor earnings report and GDP misses expectations, it might be a warning for the Fed to slow things down.
The market is still being ruled by geopolitical events right now, but Consumer Confidence and GDP are important reports for the economy and markets.
In this morning’s stock market recap video, you'll discover the two major earnings reports to watch… what's next for the Dow Jones and S&P 500… which index continues to lag behind… an update on GDP and how it will influence the bond market… plus the top stock in the top sector and the bottom stock in the bottom sector.
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