Time: 2024-06-19
As the trading day wraps up, investors look to Tuesday, June 18, for key events. U.S. retail sales data is anticipated with a 0.3% increase expected in May. Boeing CEO Dave Calhoun is set to testify before a US Senate subcommittee regarding the company's safety culture. KB Home will report second-quarter earnings, offering insights into the housing market. Boston Fed President Susan M. Collins will have an exclusive interview with Yahoo Finance.
In May, US retail sales only saw a 0.1% increase, falling short of the 0.3% economist estimate. The Technology Select Sector SPDR Fund (XLK) ETF might need adjustments as Nvidia is predicted to surpass Apple's market value. Boeing CEO Dave Calhoun will testify on aerospace manufacturing problems before a Senate panel. Retail sales grew by 0.1% in May, lower than expected. There is excitement around artificial intelligence on Wall Street, with Nvidia's performance outshining XLK ETF.
Boeing's CEO Dave Calhoun, who plans to leave the company by year-end, will address manufacturing issues before the Senate. The aerospace giant faces scrutiny over its safety challenges, with a Senate subcommittee seeking answers on fixing manufacturing problems. The company's safety culture and manufacturing challenges will be in focus during the testimony. The incident involving a blown-out panel on a 737 Max 9 plane raised concerns over Boeing's safety standards.
Investors are keen on the outcomes of the U.S. retail sales data for May and KB Home's second-quarter earnings report. Analysts predict a 0.3% increase in retail sales, offering insights into consumer spending amid inflation. The exclusive interview with Boston Fed President Susan M. Collins on Yahoo Finance will provide further market insights. The market anticipates changes in the XLK ETF due to Nvidia's market value outpacing Apple's. Boeing's testimony on manufacturing problems will impact investor sentiment towards the aerospace giant.
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