The U.S. consumer is alive in well as spending surged in January, Warren Buffett updates Apple and Taiwan Semiconductor positions, Kraft Heinz and Cisco Systems headline earnings reports. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
rose 47% to $354 million. Analysts expected $343.9 million.
Investors will also watch for results from insurer AIG, e-commerce firm Shopify, and hospitality REIT Host Hotels & Resorts among others.An exceptionally busy morning of economic data awaits investors on Wednesday. Economists surveyed by Refinitiv anticipate consumer spending rose 1.8% after a larger-than-expected decline of 1.1% in December.
The New York Federal Reserve will release its closely watched gauge of regional manufacturing activity.
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