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Investing.com — It was a bumpy ride on Wall Street Thursday. Stocks opened higher only to turn negative, with tech companies trading lower.
A Republican coronavirus stimulus plan failed to get the votes needed to advance in the Senate, CNBC reported, deflating hopes that help would be on the way. The number of first-time filers for unemployment benefits came in higher than expected.
Energy stocks were lower after U.S. crude inventories unexpectedly rose last week.
Here are three things that may move markets tomorrow:
1. Economic data
Inflation figures for August are due out at 8:30 AM ET (1230 GMT). They are expected to show core CPI rising 0.2% month-on-month and 1.6% on a year-over-year basis, below the 2% level the Federal Reserve has set as its average target.
The United States Department of Agriculture’s World Agricultural Supply and Demand Estimates report is due out at 12:00 PM ET (1600 GMT). The monthly report provides the current USDA forecasts of U.S. and world supply-use balances of major grains, soybeans and products, and cotton; and U.S. supply and use of sugar and livestock products.
2. Earnings expected from Kroger
Kroger (NYSE:KR) is expected to publish earnings per share of 52 cents on sales of $30 billion. Shares of the grocery chain are up 24% in 2020. The stock has five buy ratings, 10 holds and no sells, according to data compiled by Investing.com.
3. Moment of silence
Normally we’d give you a third item to look out for related to markets or corporate America. But Friday is a day of remembrance. It’s Sept. 11th. Take a moment and remember.
