Inflation, Earnings, and Grocery Sales in Focus with New Data and Corporate Reports On Tap

Consumer and producer price index (CPI & PPI) data to be released this week, providing insights into US inflation. CPI on Thursday, PPI on Wednesday.

Walmart noted minor grocery sales impact so far from weight loss drugs like Ozempic, causing staples stocks like Coca-Cola and PepsiCo to fall recently.

Notable earnings reports next week from PepsiCo, Domino's Pizza, Walgreens, BlackRock, Citigroup, JPMorgan and Progressive.

Financial stocks reporting in coming weeks are a focus, particularly JPMorgan, Citigroup, Charles Schwab.

Weight loss drug disruption of grocery sales bears monitoring given importance of grocery for retailers like Walmart and Target.