KRON - Wall Street Breakfast: The Week Ahead
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Economic reports in the week ahead The second quarter is off to a blazing start with the S&P 500 Index pushing above 4,000 on the heels of President Biden's infrastructure plan update. In the week ahead, the market focus may turn to whether Congress will pass the infrastructure plan that includes $2T in spending and higher corporate taxes. Economists at Jefferies estimate Biden's infrastructure plan overall could add 0.5 to 1 percentage points to their estimate of 5.2% growth in U.S. gross domestic product in 2022. Chips will also be in the spotlight next week, with events on tap for Intel (NASDAQ:INTC) and Applied Materials (NASDAQ:AMAT) amid growing worries on the global chip shortage. There is a very light schedule of earnings reports next week. The
For further details see:
Wall Street Breakfast: The Week Ahead