As the trading day comes to a close, Asking for a Trend takes a look at what investors should have on their radar for Wednesday August 21, 2024.

The earnings season continues with a slew of retail names expected to release their quarterly results, including TJX Companies (TJX), Target (TGT), and Macy's (M). These reports will provide valuable insights into the state of the consumer.

On the economic front, the market will be closely watching the release of the minutes from the Federal Reserve's July FOMC meeting. This will give investors a better understanding of the central bank's outlook on potential interest rate cuts.

Additionally, important housing and labor market data will be released. Mortgage Applications data is set to come out in the morning, while the Bureau of Labor Statistics will publish its preliminary benchmark payroll revisions.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Angel Smith