Preview -- Barron's
November 18 2023 - 9:20AM
Dow Jones News
Monday 11/20
The Conference Board releases its Leading Economic Index for
October. Consensus estimate is for a 0.6% month-over-month decline.
The LEI has fallen for 18 consecutive months. Despite strong GDP
growth this year, the Conference Board still expects a shallow
recession in first-half 2024.
Tuesday 11/21
Nvidia reports third-quarter fiscal-2024 results. The poster
child for this year's AI-driven Nasdaq rally of 35% is expected to
earn $3.37 a share on sales of $16.2 billion. That would represent
481% year-over-year EPS growth and 173% revenue growth. Shares of
the largest semiconductor company by market value are up 237% this
year, the best performer in the S&P 500 index.
Wednesday 11/22
The Federal Open Market Committee releases the minutes from its
early-November monetary-policy meeting. The FOMC has held the
federal-funds rates steady at 5.25%-5.50% since July, and Wall
Street is convinced that the Fed is done hiking interest rates for
this cycle.
Thursday 11/23
Equity and bond markets are closed in observance of
Thanksgiving.
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(END) Dow Jones Newswires
November 18, 2023 09:05 ET (14:05 GMT)
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