US equities are set for a week dominated by upcoming inflation data, with CPI and PPI results expected to influence the market's direction. Apple's new product event and earnings announcements from Oracle and Adobe are also among the key events to watch.
US equities moved in different directions last week following comments from the Federal Reserve and the employment report. Expectations for rate hikes rose at times on remarks from Fed officials, while job growth was uneven across sectors, and the market also saw periods of decline overall.
This week, the market is expected to react to inflation data. CPI and PPI figures are due, while oil prices and long-term interest rates will be closely watched for their impact on inflation. Among individual stocks, Apple's new product event and earnings announcements from Oracle and Adobe are scheduled.
Among sectors, financials, cybersecurity and companies expected to report strong results remain areas of focus. S&P 500 companies continue to show solid EPS growth, suggesting that reassessments and buying interest could broaden across related stocks.