This week's focus will be on October inflation indicators, including the consumer price index (CPI), and earnings reports from major companies. In the previous week's U.S. trading, the Dow fell 0.94% and the Nasdaq fell 3.37%, recording consecutive declines.
The October CPI, which indicates the direction of inflation in the U.S. market, is scheduled for release this week, and the market reaction will be closely watched. In addition, major companies are expected to begin reporting earnings, with trends in corporate performance and guidance potentially serving as market catalysts. Investors are likely to assess the market's future direction while monitoring the inflation data and companies' earnings outlooks.
Meanwhile, U.S. markets weakened in the week preceding the above releases. The Dow Jones Industrial Average fell approximately 0.94% from the previous day, while the Nasdaq Composite recorded a sharp decline of approximately 3.37%. The declines brought the market's losing streak to 2 consecutive weeks and the Nasdaq's to 4 consecutive weeks, according to reports.