YUMC - Wall Street to Start a Very Crucial Week | Benzinga
We have a highly consequential week on tap for the markets. Aside from it being another Jobs Week — with ADP private-sector payrolls and JOLTS numbers Wednesday, and the Economic Situation report Friday — we have the next Federal Open Market Committee (FOMC) meeting starting tomorrow and ending Wednesday afternoon. There are also more than 1200 companies reporting earnings this week. Indices are out of the ditch they found themselves a week and a half ago, but can they keep climbing?
Of course, everyone knows interest rates will stay where they are. Even though, as of the first of the year, we were likely going to see our first or maybe second quarter-point rate cut from the Fed, but economic prints throughout the first three-plus months of 2024 have been exceptionally stout, overall. Even while overall trends are still flat-to-down, there does no seem to be any justification for cutting rates and risking more inflation creep to make its way back into our economy.
Domino's Pizza (NYSE: DPZ) is out with Q1 earnings this morning. The company beat estimates on both top and bottom lines — earnings of $3.58 per share on quarterly revenues of $1.085 billion outpaced the $3.36 per ...