A short week ahead includes major retailer earnings from Dollar Tree, Burlington, Gap, and American Eagle, alongside Dell and other AI-linked firms. The article says investors will gauge consumer demand amid high gas prices, inflation, and a stalled job market, with the Conference Board’s Consumer Confidence Index due Tuesday. It also notes Dell and Synopsys executives have said demand remains brisk after Nvidia’s results.
Holiday-shortened week for Wall Street as investors weigh inflation and Fed uncertainty alongside major tech earnings. Thursday’s core PCE is expected at 3.3% y/y; Fed officials including Gov. Christopher Waller have signaled inflation may again drive policy. Deutsche Bank says markets are pricing a possible future hike. Earnings from Marvell, Salesforce, Costco, Dell, and Snowflake; Dell watched for AI infrastructure demand.
According to HoldingsChannel.com, PNC Financial Services Group Inc. cut its Marvell Technology (MRVL) stake by 11.2% in Q4, selling 8,978 shares to hold 70,999 shares worth $6.03 million. Other institutions increased holdings, and institutional investors own 83.51%. The article also cites recent analyst price-target increases for MRVL.
