Uncertainty around the coronavirus could carry more weight in markets than corporate earnings, upcoming inflation and spending data.
Earnings, retail sales and inflation data matter to markets in the week ahead, but not as much as developments related to the coronavirus.
The impact on travel in China and elsewhere has so far been one of the biggest effects from the virus, but analysts are watching companies to see what they say about it, particularly as some Chinese factories reopen. Volatility will be the common denominator no matter which way the market trades, and that was evident in the surge higher, and then the decline in Tesla in the past week.
Traders fill orders in the S&P options pit near the close of trading on the Cboe Global Markets trading floor on January 31, 2020 in Chicago, Illinois.The uncertainty around the coronavirus could continue to carry more weight in markets than corporate earnings or the consumer inflation and spending data expected in the week ahead.with stocks sharply higher four of the five days as investors viewed the virus' progress to be less rapid than feared.
Stocks were lower Friday even after a much stronger-than-expected January employment report showed 225,000 jobs were created — 65,000 more than expected. Treasury yields, higher much of the week, edged lower Friday, and the"The data has been very positive, but it's looking in the rear view mirror. It doesn't take into account any concerns about the coronavirus yet," said Michael Arone, chief investment strategist at State Street Global Advisors.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump said the stock market would've 'crashed' if he wasn't elected in 2016 — but one chart shows why that's a wild claim | Markets InsiderPresident Trump on Tuesday delivered a rambling White House speech that saw him weigh in on stock-market performance. He said the market would'v...
Read more »
Coronavirus impact on financial markets and economiesFinancial markets appear to be recovering from the damage done in late January b...
Read more »
Stock market live updates: Dow hits record, Twitter soars, Tesla recoversLive updates of what's moving the market, including the latest on the coronavirus, Tesla and Twitter.
Read more »
Quarantines, more infections and everything else you need to know about coronavirus in the US this weekThis week saw the number of coronavirus cases reported in the outbreak more than double worldwide.
Read more »
Stock market live updates: Dow futures up 100, Twitter soars, Coronavirus names reboundNew for subscribers: Stock market live updates: Dow futures up 100, Twitter soars, Coronavirus names rebound Check out CNBCPro and get your first 30 days free.
Read more »
Europe markets set for higher open as investors await earnings; virus fears abateEuropean markets are expected to open higher on Thursday as earnings dominate investor focus and fears over the coronavirus outbreak start to fade.
Read more »