Charles Payne: Inflation has turned real wages into mush
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Though corporate earnings will be light, investors will take in a slew of economic data in the upcoming week, including the consumer and producer price indexes and retail sales.
It will also be a big week for Twitter as whistleblower Peiter "Mudge" Zatko is grilled on Capitol Hill by the Senate Judiciary Committee and shareholders vote on Elon Musk's $44 billion acquisition.
The major U.S. stock averages finished higher on Friday as the world focused on Queen Elizabeth’s death and the first speech by King Charles III, while also digesting a more aggressive stance on future rate hikes by Federal Reserve Chairman Jerome Powell.
For the week, the Dow Jones Industrial Average rose nearly 3%, the S&P 500 3.6% and the Nasdaq Composite 4%.
STOCK MARKET NEWS: NASDAQ, S&P LEAD WINNING WEEK, RAILROAD STRIKE HEAD? QUEEN ELIZABETH TRIBUTES
FOX Business takes a look at the upcoming events likely to move financial markets in the coming days.
Kicking off the week will be earnings from Oracle and Rent the Runway after the bell.
Nikola founder Trevor Milton will also be in the hot seat as he faces a criminal trial for federal fraud charges. In addition, Blue Origin will launch its New Shepard 23 mission carrying 36 payloads from academia, research institutions and students across the globe.
On Tuesday, investors will be keeping...
; ; Iran's Parliament Speaker, Mohammed Bagher Ghalibaf, has warned Donald Trump that Tehran will close the Strait of Hormuz if the US continues its naval blockade, shortly after the US President ...