A Jobs Report and More Data on a Stretched Consumer
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Here's a look at what I'll be watching this week in the markets. It might not seem like a big deal for tech, but the February Jobs Report due on Friday is likely to matter a lot to tech stocks. As the week begins, the S&P 500 is holding on near all-time highs and AI plays like Nvidia (which closed above a $2 trillion market cap for the first time on Friday) and Supermicro (up 26% on news that it's joining the S&P) are leading the charge. A question is whether the economic data will cooperate enough for investors to have confidence that the Federal Reserve will cut rates before too long. Put on top of that the cautious guidance we've been seeing from even the stronger retailers (like TJX), and we're going to keep an eye on earnings from Target and Ross Stores.
A Jobs Report and More Data on a Stretched Consumer
A Jobs Report and More Data on a Stretched…
A Jobs Report and More Data on a Stretched Consumer
Here's a look at what I'll be watching this week in the markets. It might not seem like a big deal for tech, but the February Jobs Report due on Friday is likely to matter a lot to tech stocks. As the week begins, the S&P 500 is holding on near all-time highs and AI plays like Nvidia (which closed above a $2 trillion market cap for the first time on Friday) and Supermicro (up 26% on news that it's joining the S&P) are leading the charge. A question is whether the economic data will cooperate enough for investors to have confidence that the Federal Reserve will cut rates before too long. Put on top of that the cautious guidance we've been seeing from even the stronger retailers (like TJX), and we're going to keep an eye on earnings from Target and Ross Stores.