Posted 1/19/2024, 10:20:00 AM
Stocks Set to Rise on Apple Earnings and Jobs Data, But Government Shutdown and Retail Troubles Still Loom
- U.S. stock futures edge higher, pointing to gains on Wall Street after strong sessions driven by Apple and positive jobs data
- Focus turns to existing home sales data that could provide insight into health of U.S. consumers and housing market
- U.S. Congress passes short-term funding bill to avoid government shutdown, but debates continue over long-term spending
- Macy's reportedly plans to cut thousands of jobs and close some stores to reduce costs amid pressure from activists
- Oil prices rise, on track for weekly gains fueled by geopolitical tensions and U.S. production outages from winter weather