Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow.
1. PPI, Core PPI Expected to Rise 0.2%
After a pretty quiet week, the economic calendar heats up tomorrow.
Most closely watched will likely be the latest data on wholesale inflation.
The Labor Department will release its April producer price index (PPI) at 8:30 AM ET (12:30 GMT).
At the same time, the weekly initial jobless claims figures come out.
Claims for first-time unemployment benefits are seen dropping to 215,000.
2. Disney Beats Estimates
The Dow may get a little lift from Walt Disney (NYSE:DIS) tomorrow after the company reported better-than-expected numbers on the top and bottom lines after the bell today.
Theme parks helped in the quarter and the company is now riding high on the success of “Avengers: Endgame” and expectations for its new streaming service Disney+.
Shares edged up 1% after hours, but it wouldn’t be surprising to see them fall given a lot of that good news was already priced into the stock. Shares are up more than 17% in the last month.
Before the bell tomorrow, Duke Energy (NYSE:DUK), Cardinal Health (NYSE:CAH) and Keurig Dr Pepper (NYSE:KDP) will report results.
3. Powell Set to Speak
Federal Reserve Chairman Jerome Powell will speak ahead of trading tomorrow, which will have traders on alert.
Powell will give the opening remarks at a Fed conference on "Renewing the Promise of the Middle Class" in Washington at 8:30 AM ET (12:30 GMT).
Chicago Fed President Charles Evans is speaking at the same conference at 1:15 PM ET.
At 10:45 AM ET, Atlanta Fed President Raphael Bostic will discuss monetary policy and outlook at the Louisiana Bankers Association's 119th Annual Convention in New Orleans.