Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Wall Street set for mostly flat start

% of readers think this story is Fact. Add your two cents.

After a fairly uneventful close on Wall Street on Tuesday, things do not look to have changed much, with the opening calls looking far from dramatic.

The Dow Jones Industrial Average is forecast to edge up 22 points or 0.1%, while the S&P 500 and Nasdaq Composite are also expected to be virtually unchanged.

Investors are caught between welcoming the signs of economic recovery shown as the vaccination programmes progress, and worrying about the possible implications of that recovery for inflation and a rise in interest rates.

The latest Federal Reserve Beige Book, due later today, will give some clues as to how businesses and the central bank feel about the current economic situation. Otherwise, there is little in the way of data to swing the market one way or the other.

Four things to watch for on Wednesday:

  • Companies in the earnings diary include data monitoring software group Splunk Inc (NASDAQ:SPLK), cloud data specialist NetApp Inc (NASDAQ:NTAP) and car parts retailer Advance Auto Parts Inc (NYSE:AAP)
  • Shares in handmade and vintage products retail platform Etsy Inc (NASDAQ:ETSY) will also be in focus after the company announced a deal to buy fashion marketplace Depop for US$1.6bn
  • AGMs from a number of major corporates including Google parent Alphabet Inc (NASDAQ:GOOG), Walmart Inc (NYSE:WMT) and Comcast Corp (NASDAQ:CMCSA) may also throw up some insights
  • On the macro front, there is little happening however investors may be interested in US mortgage data as well as speeches from several Fed representatives

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.