On the political front, the start of the Democratic National Convention sets the tone for the agenda. It is a key four-day event where Vice President Kamala Harris will formally accept the party’s presidential nomination.
Serve Robotics (SERV) to present at EnerCom Denver Conference.
Depositphotos
The main ones Wall Street Indices are in a promising position to start the week, with a focus on stabilization following significant gains in the previous week. Investors are keeping an eye on the publication of the minutes of the last Federal Reserve meeting and the upcoming symposium in Jackson Hole.
This annual event in Jackson Hole, Wyoming, hosted by the Federal Reserve, will be in the spotlight, with investors looking toSignals about future movements in interest rates. Federal Reserve Chair Jerome Powell’s speech will be the most eagerly awaited moment, especially after recent comments from other Fed members, such as Mary Daly and Austan Goolsbee, suggesting the possibility of monetary policy easing in September. The benchmark interest rate currently remains between 5.25% and 5.50%, after an increase of 525 basis points since 2022.
Democratic Symposium
On the political front, the week also marks the start of the Democratic National Convention, a key four-day event where Vice President Kamala Harris will formally accept the party’s presidential nomination. Following President Joe Biden’s decision not to seek re-election, Harris has gained momentum in the polls, particularly in key states. According to recent analysis, Harris has strengthened in a potential race against Republican candidate Donald Trump, improving her position in national polls and in decisive states.
The convention offers Harris a crucial platform to consolidate her message and appeal to undecided voters, especially with a debate with Trump scheduled for next month. While Harris has shown significant progress, experts stress the importance of her presenting her policies in a compelling manner to maintain and expand her base of support.
Presentation of results
Notable companies reporting earnings include TJX Companies (TJX), Analog Devices (ADI), Target (TGT), Snowflake (SNOW), Agilent (A) and Macy’s (M). Options trading involves double-digit share price movement for Wolfspeed (WOLF) and Urban Outfitters (URBN) following the release of their reports.
The two-day Needham Semiconductor and SemiCap 1×1 Virtual Conference is underway. Axcelis (ACLS), Veeco Instruments (VECO), and MaxLinear (MXL) are scheduled to participate. The event has led to some rallies in stock prices after the presentations prompted changes in analyst ratings and price targets.
wall street markets stock exchanges
NYSE
Target (TGT) is holding its earnings call. Options trading implies a 6% move in the stock price following the release of the report. Target lost 8% on the day of its first quarter earnings release. Honest Company (HNST) and Mattel (MAT) are two of Target’s major suppliers that have shown a strong correlation in stock price following the retailer’s report.
Serve Robotics (SERV) will be presenting at the EnerCom Denver Conference. Backed by Uber (UBER) and Nvidia (NVDA), the company develops advanced, low-emission, AI-powered curbside delivery robots that aim to make delivery sustainable and cost-effective.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
