English
French
German
Italian
Russian
Spanish
Job openings, Salesforce earnings, Chewy reports: 3 things to watch
Job openings, Salesforce earnings, Chewy reports: 3 things to watch By Investing.com
Breaking News
‘;
Liz Moyer/Investing.com Stock Markets
Published May 30, 2023 04:07PM ET
(C) Reuters
Investing.com — Stocks were mixed on Tuesday amid continued uncertainty about the debt ceiling outcome despite a deal reached over the weekend.
House Speaker Kevin McCarthy reached the agreement with President Joe Biden, calling for limits on federal spending in 2024 and 2025, a raise in defense spending, reclaiming unused COVID funds already allocated, and taking back some of the funds approved to bolster the Internal Revenue Service. But some GOP lawmakers have vowed to vote against it, saying it doesn’t do enough to curb spending.
The House is rushing to vote on the deal this week so it can move to the Senate ahead of the June 5 deadline.
Later this week, investors will get the May jobs report, which could provide more insight into the state of the economy. That report will be closely watched by the Federal Reserve, which is now expected to raise interest rates by another quarter of a percentage point when it meets next month. Just one week ago, futures traders put the probability of a rate hike lower than the probability of a pause.
Here are three things that could move markets tomorrow.
1. Job openings
Before Friday’s job report for May comes the job openings report for the end of April, due out at 8:30 ET (12:30 GMT) tomorrow. Analysts expect the number to be 9.775 million, which would be up from the prior month.
2. Salesforce earnings
Salesforce Inc (NYSE:CRM), the maker of financial and human resources software, is expected to report earnings per share of $1.61 on revenue of $8.18 billion.
3. Chewy earnings
The pet supplies retailer Chewy Inc (NYSE:CHWY) is expected to report a loss per share of about 4 cents, on revenue of $2.7B.
Job openings, Salesforce earnings, Chewy reports: 3 things to watch
Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information
(C) 2007-2023 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
