Inflation and retail sales data greet a roaring stock market rally: What to know this week
Stocks just had their best week of 2024.All three major indexes pressed to record highs after Donald Trump won the 2024 presidential election.For the week, the S&P 500 and the Dow Jones Industrial Average rose more than 4.5%, while the Nasdaq Composite rose nearly 6%.In the week ahead, a fresh reading on inflation and retail sales will lead the economic calendar.In corporate news, quarterly results from Home Depot , Cisco , and Disney will highlight another week of earnings reports.On a "core" basis, which strips out food and energy prices, CPI is forecast to have risen 3.3% over last year in October, unchanged from September's increase. Monthly core price increases are expected to clock in at 0.3%, also in line with the September gain.Streaming profitability should be a bright spot after the company reported its fi