economy
Thursday's Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session
The S&P 500 snapped a three-day losing streak on Wednesday as Treasury yields and oil prices retreated.
TL;DR
- Nvidia CEO Jensen Huang will be on CNBC, following the company's strong earnings and a $80 billion share repurchase authorization.
- SpaceX has filed to go public, with its IPO expected to be the largest ever, trading under the symbol SPCX.
- Key economic data releases include weekly jobless claims and housing starts, both expected to influence market movement.
- Walmart and Deere are scheduled to report earnings before the market opens.
- Stellantis CEO Antonio Filosa and Spotify Co-CEO Gustav Soderstrom will be interviewed on CNBC.
- Cummins will hold its Investor Day, with the industrial stock having doubled in the past year.
- Several homebuilder stocks, including Toll Brothers, Hovnanian, Taylor Morrison, Lennar, and PulteGroup, have seen significant declines and are down in May.