Market Overview + 3 Hottest Stocks to Watch This Week: AMZN, MULN, TSLA
Welcome to the StockInvest.us weekly report!
Last week the stock prices were volatile as investors reacted to a stronger-than-expected jobs report and some tech sector earnings that missed expectations. The U.S. economy added 517,000 jobs in January, and the unemployment rate fell to its lowest since 1969.
This week, earnings season continues with media and consumer stocks in the spotlight, the Reserve Bank of Australia is set to raise rates again, and data from the Eurozone and the UK will be closely watched.
First up, Fed Chair Jerome Powell will be speaking on Tuesday after the strong U.S. jobs report last Friday. Investors will be paying close attention to Powell's speech as they fear that the Fed's aggressive rate hikes may lead to a recession. Additionally, there will be updates on the labor market with the release of the initial jobless claims numbers on Thursday, and several other Fed officials will also be speaking throughout the week.
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