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2024-01-14 13:51:02

FX Empire on Nostr: NASDAQ Index, SP500, Dow Jones Forecasts: Week Ahead Packed with Market-Moving Events ...

NASDAQ Index, SP500, Dow Jones Forecasts: Week Ahead Packed with Market-Moving Events
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The upcoming week is packed with significant events that could impact major U.S. indices like the S&P 500 (SPX), Dow Jones Industrial Average (DOW), and NASDAQ. The week is dominated by the World Economic Forum (WEF) Annual Meetings, which is starting on [date] and could influence market sentiment globally. On [date], the Empire State Manufacturing Index is expected, which could sway market optimism or pessimism. On [date], US Core Retail Sales, Retail Sales, and Industrial Production figures will be released, which could signal a robust economy and boost investor confidence. On [date], Unemployment Claims, Building Permits, and the Philly Fed Manufacturing Index will be announced, providing insights into the labor market and manufacturing health. On [date], the Prelim University of Michigan (UoM) Consumer Sentiment, Existing Home Sales, and Prelim UoM Inflation Expectations will be released, offering insights into consumer confidence and the real estate market. The short-term outlook for the S&P 500 appears positive, with a potential bullish breakout if it surpasses the resistance level at $4,795. The Dow Jones Industrial Average has a bullish short-term outlook, particularly if it remains above the $52.65 mark. The NASDAQ's immediate outlook appears bearish if it remains below the $15,000 mark.

#Nasdaq #Sp500 #DowJones #Forecasts #MarketEvents #WorldEconomicForum #RetailSales #IndustrialProduction #UnemploymentClaims #ConsumerSentiment #ExistingHomeSales #InflationExpectations

https://www.fxempire.com/forecasts/article/nasdaq-index-sp500-dow-jones-forecasts-week-ahead-packed-with-market-moving-events-1402235
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