Investors should be aware of the following five essential points before beginning the trading day:
1. Gazing and holding back As investors await new inflation statistics (more on that below), the S&P 500 ended the day little altered on Thursday, finishing the day only 0.09% higher.
2. A large inflation rate Investors are going to be looking for positive news. Friday morning from a crucial inflation indicator that the Federal Reserve keeps a close eye on. It is anticipated that there would be minimal to no monthly increase in the personal consumption expenditures price index for May.
3. Regaining temperature. Although summer is already underway, property values may eventually begin to decline. Numerous reports indicate that property sellers are beginning to compromise on pricing and that price rises are becoming less pronounced.
4. Walgreens’ decline Walgreens’ stock tumbled 22% on Thursday after the firm released profits that were below forecast and cut its target for adjusted profit for the entire year.
5. Subject to disagreement In their first debate of the 2024 presidential campaign, President Joe Biden and Former President Donald Trump squared off on Thursday.
Source (CNBC)
