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Key Economic Data, Tech Events Dominate Week of Sept.8
Investors are bracing for a flurry of economic data releases and major tech events this week, headlined by August inflation figures and Apple‘s anticipated iPhone unveiling. These developments, alongside updates from Nvidia, Oracle, and GameStop, are poised to considerably impact market sentiment and shape investment strategies in the coming weeks.The week’s economic calendar is particularly crucial as Wall Street seeks further clarity on the Federal Reserve’s monetary policy path. Inflation data will be central to this assessment, influencing expectations for potential interest rate adjustments. Simultaneously, developments in the tech sector-from product launches to earnings reports-will offer insights into the health of the industry and its potential for future growth.
Monday, Sept. 8: Oracle reported its Q1 results after the close,with revenue reaching $13.35 billion, up 9% year-over-year.Shares rose over 3% in after-hours trading.
Tuesday, Sept. 9: Apple held its “Wonderlust” event, unveiling the iPhone 15 lineup, featuring a USB-C charging port and a new Action button. The company also introduced the Apple Watch series 9 and Apple Watch Ultra 2.
Wednesday, Sept. 10: Nvidia CEO Jensen Huang spoke at the Goldman Sachs conference,highlighting the surging demand for the company’s AI chips. GameStop also presented at the conference. Wholesale inventories data for July will also be released.
Thursday, Sept. 11: The Consumer Price Index (CPI) for August is scheduled for release. Economists predict a modest increase, potentially signaling a cooling of inflationary pressures. Key earnings reports include Adobe (ADBE) and Krispy Kreme (KR). Initial Jobless Claims (week ending aug. 16) and the monthly U.S. federal budget for August will also be released.
Friday, Sept. 12: Preliminary consumer sentiment data for September is expected, offering a snapshot of consumer confidence and spending intentions.
One More Thing: McDonald’s is launching a new value menu this week, aiming to recapture its position as a low-cost leader in the fast-food industry. Investopedia’s Sarina Trangle reports on the company’s efforts to trim prices and attract customers.
