Reddit IPO, Nvidia event, Fed decision: What to watch
Next week, Wall Street will be paying close attention to Wednesday's next Federal Open Market Committee (FOMC) meeting. The focus will be on the latest Fed dot plot, revealing FOMC members' estimates for interest rate cuts
Reddit will make its IPO debut on the New York Stock Exchange on Thursday, March 21 under the ticker RDDT with a share price of between $31 and $34.
Nvidia's (NVDA) annual GTC conference will take place between March 18-21st, with CEO Jensen Huang giving a 2 hour keynote speech.
Nike (NKE), Lululemon (LULU), General Mills (GIS), and Micron (MU) will also release earnings reports next week.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino
Video Transcript
JULIE HYMAN: Time now for what to watch next week. Investors keeping a close eye on the Federal Reserve. Of course, the second FOMC decision of the year taking place on Wednesday. While expectations for a rate cut are very low, the focus will be on the so-called dot plot. That will show FOMC members estimates for rate cuts. Fed Chair Jerome Powell will hold a news conference following the decision, and Yahoo Finance's will begin live coverage at 2:00 PM Eastern.
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JOSH LIPTON: And turning to one of the most anticipated IPOs of the year. The social media platform Reddit set to price on Wednesday between $31 and $34 per share and will start trading Thursday on the New York Stock Exchange under the ticker RDDT.
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JULIE HYMAN: Also turning to AI NVIDIA's annual GTC conference kicking off on Monday, CEO Jensen Huang giving a two-hour keynote speech to start the festivities. And he'll outline what's ahead for the company in 2024.
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JOSH LIPTON: And moving over to earnings, Micron, General Mills, Five Below, KB Homes, Nike, and Lululemon all reporting next week. Micron announcing the second quarter earnings after the bell.
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JULIE HYMAN: And finally, tune in next Monday and Tuesday for Yahoo Finance's coverage of CERAWeek from Houston, Texas. That's the big oil-and-gas conference. We've got interviews with Occidental CEO Vicki Hollub on Monday. And you'll hear from ExxonMobil CEO Darren Woods on Tuesday. I'm heading down to Texas.
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JOSH LIPTON: Enjoy.
JULIE HYMAN: Yeah, should be quite interesting.
