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Stocks higher, jobs data, Walmart, Applied Materials, Cisco Systems

Stocks higher, jobs data, Walmart, Applied Materials, Cisco Systems

Aug 17, 2023 - 18:30
 0  17
Stocks higher, jobs data, Walmart, Applied Materials, Cisco Systems

Five things you need to know before the market opens on Thursday August 17:

1. -- Stocks nudge higher, Treasury yields leap, as Fed minutes rattle markets

Hawkish Fed minutes, a sputtering China recovery and further yen weakness as markets in risk-off mode Thursday, with 10-year Treasury bond yields testing the highest levels in sixteen years. 

2. -- Jobs data in focus as Fed notes wage growth in hawkish rate outlook

A resilient job market, where wages are rising firmly past the level of headline inflation, remains a key concern for policymakers and rate traders as the economy continues to rip.

3. -- Walmart earnings on deck amid mixed results from rivals Target, Home Depot

Walmart, which has been leaning on grocery sales to offset a pullback in discretionary spending, will report second quarter earnings prior to the opening bell.

4. -- Applied Materials earnings to focus on China demand, chip market strength

Chipmaking equipment maker Applied Materials will publish third quarter earnings after the close of trading.

5. --  Cisco powers higher as AI potential offsets muted 2024 revenue outlook

Cisco CEO Cuck Robbins said AI will be a 'huge opportunity' for the network equipment chipmaker in comments that helped offset a muted 2024 revenue forecast.

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