Equities moved higher this week as investors cheered news of the Trump administration’s first trade deal. More importantly, talks between the U.S. and China this week may signal more clarity around trading with the country’s largest trading partner.
The trade deal reversed the bearish momentum in stocks after the Federal Reserve left interest rates unchanged. Next week, investors will get the next inflation reading, the April reading of the Consumer Price Index (CPI) and Producer Price Index (PPI). Both numbers are expected to be in line with expectations, which could push future rate cuts later into the year, if at all.
The peak of earnings season is past, but there will still be many names reporting next week. Investors continue to focus less on the headline number and more on the guidance, which has generally been mixed to lower. Without further clarity on trade deals, it could keep resistance on the S&P 500 at around the 5,700 level. You can count on the MarketBeat analysts to keep you informed about the stocks and stories moving the markets. Here are some of our most popular stories from this week.
