Preview — Barron's

Tuesday 2/13

The Bureau of Labor Statistics releases the consumer price index for January. Consensus estimate is for the CPI to rise 2.9% year over year, half a percentage point less than in December. The core CPI, which excludes volatile food and energy prices, is expected to increase 3.7%, compared with 3.9% previously. The annualized change in the core CPI is at its lowest level since May of 2021.

Earnings season is more than halfway complete, as about 60% of S&P 500 index companies have announced results so far. A few $100 billion-plus market-cap companies release earnings this week, starting with Coca-Cola on Tuesday. Cisco Systems reports on Wednesday, followed by Applied Materials and Deere on Thursday.

Thursday 2/15

The Census Bureau reports retail sales data for January. Economists forecast a 0.2% month-over-month decline in consumer spending, following a 0.6% increase in December.

Friday 2/16

The University of Michigan releases its Consumer Sentiment Survey for February. Expectations are for a 79 reading, even with the December figure. Consumers' expectations for the year ahead inflation was 2.9% in December, the lowest level in three years.

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(END) Dow Jones Newswires

February 09, 2024 21:45 ET (02:45 GMT)

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