Here are the 3 big things we're watching in the stock market this week
The week ahead is light on macroeconomic data, but investors can still expect plenty of market-moving headlines.
TL;DR
- Costco is releasing its quarterly earnings, with investors looking for profit, membership trends, and a potential special dividend of around $22 per share.
- Meta Platforms' annual Meta Connect conference will feature updates on Artificial Intelligence, including advancements in their Muse Spark models and applications.
- President Trump will host Chinese leader Xi Jinping, with potential discussions on tariff extensions, trade deficit reduction, aircraft purchases, and AI regulation.
- The Trump-Xi summit may also address the war in Iran's impact on oil supplies and the status of Taiwan.
- Economic data releases include Initial jobless claims and New home Sales on Thursday.
- Several companies like AutoZone, MillerKnoll, Thor Industries, KB Home, Cintas, Paychex, General Mills, Cracker Barrel, H.B. Fuller, TD SYNNEX, and Darden Restaurants are also scheduled to release earnings.