The first week of trading in 2025 will bring a wave of economic reports and data that could set the tone for the markets – markets will be closed on Thursday to honor the passing of former President Jimmy Carter. Investors will closely analyze the December FOMC meeting minutes for insights into the Federal Reserve’s outlook on rate cuts and monetary policy for the year ahead. Employment data will also take center stage, as attention shifts from inflation to the broader strength of the economy. While the earnings calendar is light this week, anticipation builds for the kickoff of earnings season the following week, led by the major banks. Market volatility may also pick up as the Trump inauguration approaches, adding an additional layer of uncertainty to the week’s trading.
Monday
S&P Global Services PMI
Tuesday
Wednesday
Minutes of Dec FOMC
ADP employment
Thursday
Markets closed
Friday
US employment report
Tracking This Week
Accenture (NYSE:ACN) remains in consolidation mode, though its recent weakness is becoming a concern. Given the current macroeconomic environment, the stock’s movements may simply reflect broader market trends. The price action hints at investors waiting for a clear catalyst to propel it past its previous highs of $387, making this a name to watch closely in the weeks ahead.
Dell Technologies (NYSE:DELL) is showing signs of renewed interest as it bounces off key support levels. Following a lackluster earnings report in mid-November that prompted an investor exodus, sentiment appears to be shifting. Investors may now be focusing on the strength of Dell’s data center revenue and the early signs of a long-awaited PC refresh cycle, which are expected to positively impact the current quarter.
NVIDIA (NASDAQ:NVDA) has lagged in recent weeks, likely due to profit-taking and a rotation into names that didn’t see a 190% surge throughout 2024. However, Friday’s action suggests a rotation back into proven leaders like NVIDIA to kick off 2025. This shift could signal the beginning of a stronger upward trend for the stock as investors return to the reliable performers.
