In the week ahead, there is some data of interest, particularly Wednesday's CPI consumer inflation data. That is expected to be fairly tame, but the pace of inflation could pick up in coming months as the data is compared to last year when the economy shut down and prices fell.
Congress could pass the Biden administration's fiscal stimulus package as early as this weekend, and that could be a double-edged sword for markets. Investors expect a boost to the economy and stocks, but the historically large package also raises concerns about more debt, higher interest rates and inflation.
In the week ahead, there is some data of interest, particularly Wednesday's CPI consumer inflation data. That is expected to be fairly tame, but the pace of inflation could pick up in coming months as the data is compared to last year when the economy shut down and prices fell.
The market continued to diverge in the past week, with the S&P 500 and Dow higher but the Nasdaq was lower, hit by interest-rate-sensitive tech. Treasury yields, which move opposite prices, were higher in the past week, lifted in part by stronger economic data.
There are just a few earnings in the coming week. Oracle, Campbell Soup, and Ulta Beauty are among the companies reporting.
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