This week brings a wave of big-box retailer earnings and the release of the latest Federal Reserve meeting minutes. Home Depot reports Tuesday, Lowe's, Target, TJX Companies and Estee Lauder report Wednesday, and Walmart, Ross Stores and Alibaba report Thursday. The Empire State manufacturing index for August jumped to +20.6, nearly double the +12 expected and the strongest reading since December 2021. Oil prices are up about 5% from a week ago, with WTI at $82 per barrel and Brent at $88, as the Strait of Hormuz remains choked off and U.S. Strategic Petroleum Reserves sit below 300 million barrels. The FOMC minutes from last month's meeting, where the Fed funds rate was held at 3.50-3.75% with three dissenters favoring a 25-basis-point hike, will be released mid-week.
The Home Depot Inc
Lowe's Companies Inc
Ross Stores Inc
The TJX Companies Inc
Alibaba Group Holding Ltd
Astera Labs, Inc.
