Fed's Powell speaks, Disney reports, Warner Bros.: 3 things to watch

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Fed's Powell speaks, Disney reports, Warner Bros.: 3 things to watch
Credit: © Reuters.

Investing.com -- Stocks rose for a seventh-straight trading day as investors shook off concerns about interest rates.

The Federal Reserve is widely expected to keep rates steady at its next meeting in December, and investors will be listening carefully to what Chair Jerome Powell and other members of the central bank say this week in scheduled appearances.

Fed officials have cautioned that they aren't quite done in their battle to get inflation back to their 2% target, but recent economic data has given investors reason to see an end to rate increases and potentially a pivot to rate cuts in the near future. The Fed left rates steady at its meeting earlier this month but did leave the door open to another rate increase this year, despite expectations it will not do so.

The next big report that could factor into the Fed's positioning is next week's consumer price index reading for October. 

Along with that, big retailers will start to report their earnings in the next week or so, giving investors a glimpse at their outlook on holiday sales. Investors are looking for signs that consumers are reining in spending, which has kept the economy humming despite higher prices.

Here are three things that could affect markets tomorrow:

1. Powell speaks

Federal Reserve Chair Jerome Powell is expected to speak at 09:15 ET (13:15 GMT) at the centennial conference of the Fed's Division of Research and Statistics. 

2. Walt Disney

Mouse house Walt Disney Company (NYSE: DIS ) is expected to report earnings per share of 71 cents on revenue of $21.4 billion, and investors will be listening for an update to CEO Bob Iger's plans to revamp the entertainment giant.

3. Warner Bros. Discovery

Fellow media and entertainment giant Warner Bros Discovery Inc (NASDAQ: WBD ) is expected to report a loss of 10 cents a share on revenue of $10 billion.

 

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