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Grok 3:
This week, two major economic events will take center stage: NVIDIA's Q4 earnings report and the release of the latest personal consumption expenditures (PCE) price index data. NVIDIA, one of the "Magnificent Seven" companies driving market gains, will announce its financial results on Wednesday after the market closes, wrapping up this earnings season for the group. On Friday, the Bureau of Economic Analysis will publish the January PCE price index, the Federal Reserve's preferred inflation measure, with economists predicting a 2.5% year-over-year rise and a core PCE increase of 2.6%, the latter being the lowest since March 2021. Inflation concerns have resurfaced following a 3% annual increase in the consumer price index in January.
Beyond these highlights, the week is packed with earnings reports from various companies across multiple days. Monday features firms like Domino's Pizza and Zoom Communications; Tuesday includes Home Depot and Intuit; Wednesday brings Lowe's and Salesforce alongside NVIDIA; Thursday showcases Dell Technologies and Royal Bank of Canada; and other notable releases are sprinkled throughout. Additionally, key economic data will roll out: Tuesday’s Case-Shiller Home Price Index and Consumer Confidence Index, Wednesday’s new residential sales figures, Thursday’s GDP second estimate and durable goods report, and Friday’s PCE data, providing a comprehensive snapshot of economic trends as of February 23, 2025.
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