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Investing.com — Stocks were falling on Monday to kick off a light week and shorter week of trading given the Thanksgiving holiday in the U.S. on Thursday.
With new Covid-related lockdowns in China, investors renewed concern about a global economic slowdown. China has shut down major centers, including Beijing, to control an outbreak of the virus, and that could throw a wrench into travel and manufacturing activities, in addition to interrupting demand for oil.
Investors will be looking forward to the release of the Federal Reserve’s latest meeting minutes on Wednesday for any clues about what the central bank will do at its December meeting. The expectation is that the Fed will raise rates again, but at a lower half-percentage point increment than it has moved rates higher at its previous four meetings.
A new CEO at Disney — actually the movie studio and theme park operator brought back former CEO Bob Iger to take over from Bob Chapek — will have to prove the company can generate growth from the streaming operation it has been building for a few years.
The stock market is closed on Thursday in the U.S. and opens for a shortened session of trading on Friday.
Here are three things that could affect markets tomorrow:
1. Medtronic earnings
The medical devices maker Medtronic PLC (NYSE:MDT) is expected to post earnings per share of $1.28 on revenue of $7.7 billion. Analysts will be listening to what the insulin pump maker says about sales growth projections.
2. Tech earnings
VMWare and HP both report tomorrow. Analysts expect VMware Inc (NYSE:VMW) to report earnings of $1.59 a share on revenue of $3.35B. They expect HP Inc (NYSE:HPQ) to report earnings per share of 84 cents on revenue of $14.7B.
3. Dollar Tree earnings
The discount retailer Dollar Tree Inc (NASDAQ:DLTR) is expected to report earnings per share of $1.18 on $6.8B in revenue.
