Broadcom earnings, jobs report, Fed: What to Watch Next Week
Yahoo Finance previews the top stories investors should be paying attention to next week, including earnings out from companies like Target (TGT), CrowdStrike (CRWD), and Broadcom (AVGO), February's jobs report coming out on Friday, March, 8, and Federal Reserve Chair Jerome Powell's testimony before Congress.
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Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
- Time now for what to watch next week starting off on the earnings front. Some big names reporting next week include CrowdStrike, Target, Abercrombie & Fitch, Campbell's Soup, Broadcom, and Gap. Broadcom announcing first quarter results for 2024 after the bell on Thursday. The chip maker has been red hot this year. Up again today and up more than 20% year to date.
- And on the economic front, it's going to be all about jobs. The monthly jobs report for February coming out next Friday. Last month's report starting the year off with a bang, but economists are forecasting job growth to start to slow down here. 210,000 jobs are expected to be added. The unemployment rate expected to hold steady at 3.7%.
- And moving on to the Federal Reserve, Fed Chair Jerome Powell will give the Central Bank's view next week in two days of congressional testimony, giving us more insight into the path of potential rate cuts. Atlanta Fed President Raphael Bostic reiterating his views today, saying he wants to wait to start cutting interest rates until inflation recedes further and that the fed's job is, quote, "not done."
And of course, we can't let you forget the debut of "Market Domination" at 3:00 PM Eastern on Monday. You see there, we've got quite a good lineup of guests.
