With investors looking ahead to upcoming inflation data (Tuesday Morning) and the latest Federal Reserve interest rate announcement (Wednesday Afternoon), last week, the S&P 500 was up 0.39%, its fourth straight winning week, the Nasdaq was up 0.14%, its seventh straight winning week, and the Dow Jones advanced 0.34%.
Economic reports from last week came back mixed: •Services Industry Activity - lower than expectation •Consumer Credit - higher than expectation •Jobless Claims - higher than expectation This week, investors will look for guidance from economic reports like Small Business Optimism, Manufacturing, Retail Sales, Consumer Sentiment and Jobless Claims.
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