Earnings, Fed minutes this week; Chinese stocks reopen - what's moving markets
Investing.com -- U.S. stock markets are set to be shuttered on Monday in observance of the Presidents' Day holiday. Traders are looking ahead to the release of more quarterly earnings, including key results from Nvidia (NASDAQ:NVDA) and Walmart (NYSE:WMT), as well as the publication of minutes from the Federal Reserve's January gathering.
1. Nvidia, Walmart headline weekly earnings calendar
Quarterly earnings season marches on this week, highlighted in particular by aritificial intelligence darling Nvidia and low-cost store chain Walmart.
Nvidia has seen its value soar over much of the last year thanks to surging enthusasism over AI. The California-based group, which is widely viewed as one of the most important makers of the high-end graphics processors that power the nascent technology, recently overtook Google-parent Alphabet (NASDAQ:GOOGL) as the U.S. stock market's third-most valuable company.
Along with its fourth-quarter results following the closing bell on Wednesday, investors will likely be keen to parse through any commentary from Nvidia about the path ahead for AI demand this year.
Elsewhere, Walmart will step into the spotlight on Tuesday. The big-box giant could provide a glimpse into the spending habits of American consumers who have been carefully watching their wallets during a time of elevated interest rates and high inflation. What Walmart has to say about these trends will subsequently be in sharp focus.
2. Fed minutes highlight upcoming economic releases
It should be a slower week on the U.S. economic calendar after a spate of blockbuster data releases that have altered some expectations for potential Federal Reserve interest rate cuts.
Highlighting the agenda will be minutes from the U.S. central
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