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Barchart
Barchart
Gavin McMaster

Banking, CPI and Other Key Things to Watch This Week

AAPL FDIC

For a week that was filled with news and earnings, the market failed to react in any major fashion. The S&P 500  ($SPX) (SPY) finished the week 0.80% lower. Watching the Goliath Apple (AAPL) report better-than-expected earnings helped to buoy the market along with a stronger-than-expected NFP report. 

The week wasn’t all positive news though with Shopify (SHOP) laying off roughly 20% of its workforce to be replaced with AI and FRC being taken over by the FDIC. This upcoming week will for sure have more in store with several other banks on the brink and many more earnings reports. 

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