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Market Domination Overtime anchors Julie Hyman and Josh Lipton preview the top market headlines and economic data expected to hit Wall Street tomorrow, Thursday, May 29, including earnings results from company's like Costco Wholesale (COST), Dell Technologies (DELL), The Gap (GAP), Marvell Technology (MRVL), and Li Auto (LI); the latest commentary from several Federal Reserve officials; and the most recent data print on pending home sales in the US.
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Time now for to watch Thursday, May 29th. Starting off on the earnings front, more reports coming in throughout the day including Costco, Dell and Marvel. Costco announced the results for the third quarter after the market's closed. Analysts expecting to see high single digit same store sales growth driven by increased visits from value-seeking shoppers. Tariffs have been in focus for all big box retailers this season. So investors will be listening closely to the earnings call for any commentary on potential price hikes.
And taking a look at the Federal Reserve. We'll be getting a full slate of commentary throughout the day from Fed officials. This comes after comments from Fed president, Neil Kashkari yesterday. He said that he favors maintaining interest rates until there's more clarity on the tariff landscape.
And moving over to housing, some fresh housing data coming in the morning with pending home sales. Economists forecasting sales to drop by 1% after sales increased 6.1% last month, signaling that momentum is slowing and fewer people are signing contracts to buy home.
