This week, US stock market investors will focus on the financial reports of major technology companies and the speech of Federal Reserve Chair Kevin Warsh, CNBC reports. An additional factor of tension for the economy has been the failure of trade negotiations between the US and Canada, resulting in both countries imposing reciprocal tariffs.
Particularly in focus will be Nvidia's report. Experts expect the company's earnings per share to be $2.09, with revenue at $92.04 billion.
The market is also anticipating financial results from software developers Salesforce and CrowdStrike. Salesforce's revenue is expected to be $11.32 billion, with adjusted earnings per share at $3.27. For CrowdStrike, a profit of $0.29 per share is expected, with sales of $1.44 billion.
A key macroeconomic event will be the release of the personal consumption expenditures index. Estimates suggest that its core measure will rise by 0.18% month-over-month and by 3.2% year-over-year.
The main event of the week will be Kevin Warsh's speech at the Jackson Hole Economic Symposium on Friday. This will be his first speech as Chair of the Federal Reserve. Market participants hope to receive signals regarding the future trajectory of interest rates amid persistent inflation and recent fluctuations in US Treasury yields.
The situation is further complicated by geopolitical risks after the US administration imposed 50% tariffs on a number of Canadian goods. Canada responded with countermeasures that will take effect on September 8.
