Wall Street Next Week: Investors focus on important US economic data and the OPEC+ gathering

 Wall Street Next Week: Investors focus on important US economic data and the OPEC+ gathering

On November 29, US GDP (second estimate) numbers for the third quarter are scheduled to be made public.

Investors on Wall Street will be focusing on important economic data in the next week, such as GDP figures, the PCE report, and the OPEC+ meeting.

On November 29, US GDP (second estimate) numbers for the third quarter are expected to be made public.

Economic data might offer us hints about how much the US Federal Reserve influences monetary policy.

On November 30, ministers from the Organization of the Petroleum Exporting Countries (OPEC+) and its allies will gather to discuss how much oil is produced.

On November 27, new home sales data for October will be made public.

On November 28, a report on consumer confidence will be made public.

The Personal Consumption Expenditures (PCE) report will be released on November 30. On December 1, ISM Manufacturing statistics for November will be released.

Revenue 

In the next week, the following businesses will release their quarterly results:

The following companies: Hewlett Packard Enterprise, CrowdStrike, Salesforce, Snowflake, Dollar Tree, Hormel Foods, Five Below, Dell Technologies, Bank of Montreal, Seadrill Limited, Intuit, Workday, Splunk, NetApp, and Zscaler.

American stocks

US markets had a mixed Friday closing.

At 35,390.15, the Dow Jones Industrial Average increased by 117.12 points, or 0.33%. To reach 4,559.34, the S&P 500 gained 2.72 points, or 0.06%. At 14,250.86, the Nasdaq Composite dropped 15.00 points, or 0.11%.

From 149.60 Japanese yen to 149.48 yen, the US dollar decreased. The euro increased from $1.0884 to $1.0945. The 10-year Treasury's yield increased from 4.41% to 4.47%. Two-year Treasury yields increased from 4.90% to 4.95%.

Standardization US crude oil for January delivery dropped $1.56 to $75.54 a barrel on Friday. At $80.23 a barrel for January delivery, Brent oil saw a decline of 84 cents.

For December delivery, the price of natural gas dropped 4 cents to $2.86 per 1,000 cubic feet.

An ounce of gold for December delivery increased by $10.20 to $2,003. An ounce of silver for December delivery increased by 65 cents to $24.34.

Asian markets finished neutral, while European equities had the largest gains on international markets.