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Other key tech earnings include Roku (ROKU), which has strong buy ratings from several analysts ahead of its Thursday report. The streaming platform is expected to post revenue of $994.1 million, up 1% year over year, but below consensus estimates of $1.1 billion. Investors will be closely monitoring whether connected TV ad growth can offset broader challenges in the digital advertising space.
Federal Reserve Testimony and Inflation Data Take Center Stage
Market sentiment will also be shaped by Federal Reserve Chair Jerome Powell’s congressional testimony on Tuesday and Wednesday. Powell’s comments will be scrutinized for signals on future rate decisions, particularly as inflation concerns remain elevated.
The January CPI report, scheduled for release on Wednesday, is expected to provide further clarity on price pressures. Additional inflation indicators, including wholesale, import, and export pricing data, will also be released throughout the week. Traders will be looking for confirmation that inflation is trending lower, which could influence expectations for the Fed’s next policy move.
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