Key Economic Events to Impact U.S. Stocks Over the Next 14 Trading Days
ChainCatcher news, according to Golden Ten Data, in the coming weeks, the US stock market will enter a critical period that will determine whether the rebound can continue. Employment data, inflation indicators, and the Federal Reserve's interest rate decision will be released within the next 14 trading days, setting the tone for the market. Currently, the S&P 500 index has just recorded its weakest monthly gain since March, and market volatility has almost disappeared. Analyst Thomas Lee predicts that the S&P 500 will fall by 5% to 10% this autumn, then rebound to between 6,800 and 7,000 points.
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On Tuesday, LVMH's stock price fell by 2.6%, reducing its market value to 201 billion euros (approximately $232 billion), slightly below L'Oréal, and marking its exit from Europe's top ten companies for the first time since 2017. LVMH's share price has dropped 37% this year, returning to levels last seen when global stores were closed due to pandemic lockdowns. As luxury demand declines, several investment banks have downgraded LVMH’s rating.
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