What to expect in the week ahead (DOCU,NIO,BILI,BLCO)
![What to expect in the week ahead (DOCU,NIO,BILI,BLCO)](https://ussnsimg.moomoo.com/1910271058365630644.jpg/bigmoo)
Weekly market recap
The overnight action followed another disappointing week for investors as the major averages suffered modest losses. The blue-chip $Dow Jones Industrial Average(.DJI.US$ fell 0.9% for its ninth negative week in 10, while the $S&P 500 Index(.SPX.US$ and the $Nasdaq Composite Index(.IXIC.US$ lost 1.2% and 1%, respectively, last week for their eighth losing week in nine.
The stock market has had a volatile year with the major averages pulling back double digits from their record highs. The S&P 500 is off by 14.7% from its all-time high reached in January. The equity benchmark briefly dipped into bear market territory last month. bank could raise interest rates too fast and too much, causing a recession. Recent statements from the rate-setting Fed members indicate that 50 basis point — or a half-percentage-point — rate increases are likely at the June and July meetings.
![What to expect in the week ahead (DOCU,NIO,BILI,BLCO)](https://ussnsimg.moomoo.com/8455552431571464280.png/bigmoo)
The week ahead in focus
U.S. stock markets are poised for a muted open on Monday ahead of the much-anticipated consumer price index reading for May on Friday.
Earnings this week include J.M. Smucker on Tuesday, Campbell Soup on Wednesday, and DocuSign, NIO, and Vail Resorts on Thursday.
![What to expect in the week ahead (DOCU,NIO,BILI,BLCO)](https://ussnsimg.moomoo.com/708904608070691224.png/bigmoo)
Earnings this week include $JM Smucker(SJM.US$ on Tuesday, $Campbell Soup(CPB.US$ on Wednesday, and $DocuSign(DOCU.US$, $NIO Inc(NIO.US$ and $Vail Resorts(MTN.US$ on Thursday.
On Wednesday, the Federal Reserve reports consumer credit data for April. The European Central Bank will announce a monetary-policy decision on Thursday. The Bureau of Labor Statistics' Consumer Price Index will be released on Friday, as will the University of Michigan's Consumer Sentiment index for June.
![What to expect in the week ahead (DOCU,NIO,BILI,BLCO)](https://ussnsimg.moomoo.com/3976768911522440421.png/bigmoo)
Monday 6/6
Pfizer hosts an investor meeting to discuss expanding access and affordability to the company's drugs and vaccines.
Tuesday 6/7
The Federal Reserve reports consumer credit data for April. Consensus estimate is for total consumer debt to increase by $35 billion to a record $4.57 trillion. In the first quarter, consumer credit rose at a seasonally adjusted annual rate of 9.7%. Revolving credit, which is mostly credit-card debt and makes up nearly a quarter of all consumer debt, jumped 21.4% in the first three months of the year. As inflation has spiked, consumers have kept retail spending at high levels by borrowing more.
Wednesday 6/8
Thursday 6/9
Facebook parent $Meta Platforms(FB.US$ begins trading under its new ticker, META. This completes a rebranding effort, which began last year, as the social-media giant pivots to the metaverse that it plans to build out.
$Advanced Micro Devices(AMD.US$ holds a financial analyst day. The company is expected to lay out its product road map at the meeting.
Friday 6/10
The University of Michigan releases its Consumer Sentiment index for June. Economists forecast a 58.8 reading, slightly higher than May's 58.4. The May figure was the lowest for the index since August 2011, as rising inflation, particularly record-high home prices, has soured consumers' moods.
Sectors performance
![What to expect in the week ahead (DOCU,NIO,BILI,BLCO)](https://ussnsimg.moomoo.com/5161873683477505321.png/bigmoo)
![What to expect in the week ahead (DOCU,NIO,BILI,BLCO)](https://ussnsimg.moomoo.com/2262813382038078136.png/bigmoo)
Source: Finviz, Dow Jones Newswires, CNBC
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Aurelian : i think today will go to $19.50 - $20.00