3 things to watch out for by Investing.com

By Dhirendra Tripathi

Investing.com – Tech stocks weighed on the broader market on Tuesday after more inflation data fueled the flames of fear over the Federal Reserve’s response.

Investors have held back growth stocks, which lose their luster when interest rates rise because the dollar loses value in the future.

Apple Inc (NASDAQ 🙂 fell for another day, not crossing the $ 3 trillion mark in market value. There is still time, of course, with sales of new iPhones expected for the holidays, some analysts say, and the expected introduction of an augmented reality headset next year.

rose 0.8% in November, which is higher than the expected 0.5% gain. For the year, producer prices rose 9.6%, more fodder for those who think inflation is becoming a long-term problem.

The Fed’s policy-making meeting ends Wednesday, with officials expected to announce that they will step up efforts to cut bond purchases by doubling the cuts announced in November. A cut of $ 30 billion per month could end the program entirely by spring, paving the way for the Fed to raise rates.

Aside from the Fed’s 2:00 p.m. ET Wednesday announcement, it’s an otherwise quiet time on the calendar. Here are three things that could affect the markets tomorrow:

1. Earnings of home builders

Lennar Corporation (NYSE 🙂 will release its fourth quarter numbers on Wednesday. The company is expected to post earnings per share of $ 4.15 on revenue of $ 8.51 billion, according to analysts tracked by Investing.com.

2. Retail sales

Black Friday sales notwithstanding, they were only up 0.8% month-on-month in November, less than half of October’s 1.7% growth. The data is released at 8:30 a.m. ET.

3. Oil stocks

Oil prices have fallen due to global growth concerns over the lightning-fast spread of the Omicron variant of Covid-19. Analysts look for inventory reports to gauge supply versus demand.

are seen to drop 2.6 million barrels in the week to December 10. Inventories had fallen by 240,000 barrels the previous week. The Energy Information Administration will release the data Wednesday at 10:30 am ET.

Warning: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. The prices may therefore not be exact and differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will not accept any responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.