Fed minutes, Nvidia earnings, SpaceX, Grand Prix: What to Watch
Major events coming up next week include: The FOMC meeting minutes will be released on Tuesday providing further insight into the Federal Reserve's recent decision to pause rate hikes. On the earnings front, Nvidia (NVDA) reports third quarter results after the bell Tuesday in a pivotal update for tech. Also reporting next week are HP Inc (HPQ) and Lowe’s (LOW). In space news, SpaceX plans its second-ever launch of the deep-space Starship spacecraft early Saturday out of Texas. Formula One (FWONA) will hold the inaugural Las Vegas Grand Prix on Sunday.
Yahoo Finance's Josh Lipton breaks down what to watch next week.
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Video Transcript
JOSH LIPTON: Time for what to watch next week. Let's get to that. It's the holiday shortened week for Thanksgiving, of course. On Tuesday, we're going to be getting minutes from the Fed's last FOMC meeting. The minutes provide a better look into the Fed's decision to hold rates steady.
Meanwhile, on the earnings front, the last of the Magnificent Seven, NVIDIA to reported third quarter results. Chip giant to report its earnings after the market closed on Tuesday. Other names expected to report next week include HP, Baidu, and retailers Lowe's, American Eagle, Dick's Sporting Goods, and Abercrombie and Fitch.
And turning to the skies, SpaceX set to make the second launch of its massive Starship spacecraft Saturday morning. This comes after the April explosion, remember, of the Starship system's first test flight. Then lastly, Formula One comes back to Vegas this weekend for the first time in decades, F1 CEO telling Yahoo Finance earlier this week they've invested $600 million on its latest bet on the US. That race that will speed through in Sin City strip begins at 1:00 AM Eastern time on Sunday.
