Key Takeaways
- Inflation data for August comes ahead of a key interest rate decision later this month.
- Apple is expected to unveil its iPhone 17 at an event this week. Nvidia, Meta, and Microsoft are among the companies presenting at a major technology investment conference.
- Financial reports from Oracle and GameStop highlight the corporate earnings calendar.
August inflation data, updates from top tech firms, and earnings from the original meme stock darling are among the events that could move markets this week.
The first look at August inflation—the Consumer Price Index—will show how price pressures are impacting the economy with Federal Reserve officials under pressure to cut interest rates later this month. Investors focused on jobs data to finish last week, during which the S&P 500 and Nasdaq managed gains while the Dow slipped.
Apple is expected to unveil several new iPhone models, while Nvidia, AMD, Broadcom, and Meta are among the tech firms set t will deliver presentations at an influential investor conference. Oracle’s quarterly report comes as the cloud provider has closed several big deals, while Adobe’s update will provide a look at AI demand. GameStop’s earnings will show whether momentum remains behind the original meme stock.
Read to the bottom for our calendar of key events—and one more thing.
August Inflation Data Comes as Fed Eyes Rate Move
The Thursday release of the Consumer Price Index will show whether price pressures continued to hover around current levels in August. The same inflation report showed that prices rose less than expected in July.
Federal Reserve officials are broadly expected to make their first interest rate cut of the year after recent jobs data has shown weakening in the labor market—and even as inflation continues to impact the economy. The CPI report will be the last major piece of inflation data before the Fed announces its interest rate decision on Sept. 17.
Apple to Unveil New iPhone; Updates from Nvidia, Oracle, GameStop Due
Apple is expected to unveil the new iPhone 17 at its event on Tuesday, where other models of the phone are likely to be unveiled, including a thin version called the “Air,” along with other “Pro” models.
Several top tech firms will deliver presentations at the annual Goldman Sachs Communacopia + Technology Conference, where investors will hear from Nvidia on Monday, Meta and Broadcom on Tuesday, and Microsoft on Wednesday. Oracle’s earnings report on Tuesday comes as CEO Safra Catz has highlighted the “strong start” to the fiscal year for the tech giant. Graphic software maker Adobe boosted its full-year outlook after its prior earnings report came in better than expected, but investors were looking to see more from the company’s AI offerings.
GameStop’s Tuesday report follows a disappointing quarter for the meme stock after it reported a 17% drop in revenue and announced plans to raise new funding.
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This Week's Calendar
Monday, Sept. 8
- Consumer credit (July)
- Key Earnings: Casey’s General Stores (CASY), Planet Labs (PL)
- Nvidia (NVDA), AMD (AMD) present at Goldman Sachs Communacopia + Technology Conference
Tuesday, Sept. 9
- NFIB small business optimism (August)
- Key Earnings: Oracle (ORCL), Synopsys (SNPS), Rubrik (RBRK), Core & Main (CNM), SailPoint (SAIL), AeroVironment (AVAV), GameStop (GME)
- Apple (AAPL) iPhone launch event
- Meta Platforms (META), Broadcom (AVGO) present at Goldman Sachs conference
Wednesday, Sept. 10
- Producer Price Index (August)
- Key Earnings: Chewy (CHWY), Daktronics (DAKT), Oxford Industries (OXM), Alliance Entertainment (AENT)
- Microsoft (MSFT), Workday (WDAY) present at Goldman Sachs conference
- More Data to Watch: Wholesale inventories (July)
Thursday, Sept. 11
- Consumer Price Index (August)
- Key Earnings: Adobe (ADBE), Kroger (KR)
- More Data to Watch: Initial Jobless Claims (Week ending Aug. 16), Monthly U.S. federal budget (August)
Friday, Sept. 12
- Consumer sentiment – preliminary (September)
One More Thing
McDonald’s is rolling out a new value menu this week, part of its efforts to reclaim its position as a low-cost leader in the fast food marketplace. Investopedia’s Sarina Trangle has more on how the restaurant chain is trimming prices to bring back customers.
