Week Of May 13, 2024: What's In Store For The Markets -

Week Of May 13, 2024: What’s In Store For The Markets

May 13, 2024Jeremy ParkinsonFinance0

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“It wasn’t raining when Noah built the ark.”

Warren Buffett

Market Commentary:

Stock market enters the week “overbought” following eight consecutive positive days on the NYSE.

S&P 500 advance/decline line remains stronger than the Nasdaq.

Light week ahead for earnings releases. Walmart (WMT) and Home Depot (HD) providing insights into retail spending.

Economic data:

Wednesday Consumer Price Index (CPI) and retail sales number, jobless claims number.

Thursday Jobless claims number.

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