5 issues to know earlier than the inventory market opens Wednesday, Could 18

Listed below are a very powerful information, developments and evaluation that buyers want to start out their buying and selling day:

1. Inventory futures fall as inflation claims one other retailer

Merchants on the ground of the NYSE, Could 17, 2022.

Supply: NYSE

2. Target is the one getting slammed Wednesday on a big earnings miss

Employees assist customers at the checkout area of a supermarket on May 11, 2022 in New York City.

Liao Pan | China News Service | Getty Images

3. Lowe’s is also under pressure after weaker-than-expected sales

Pallets of garden supplies sit stacked in the parking lot of a Lowe’s store in San Bruno, California.

David Paul Morris | Bloomberg | Getty Images

4. Slowing housing data out as Fed chief Powell talks tough on rates

Lumber at the site of a house under construction in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, U.S., on Thursday, March 31, 2022.

David Paul Morris | Bloomberg | Getty Images

The government’s April housing starts and building permits report confirmed a decline in constructing exercise. Housing begins final month got here in at a seasonally adjusted annual charge of 1.72 million. That was beneath estimates. Constructing permits in April matched expectations of a 1.82 million annual charge.

  • Weekly mortgage demand from homebuyers tumbles 12%, as greater charges took their toll. It was the primary weekly drop in a few month. Inflation is not serving to shoppers really feel notably flush both. Refinance purposes continued their slide, down 10% for the week.

After the info, the 10-year Treasury yield rose Wednesday, proper round 3%. The continued power within the benchmark yield could be attributed to feedback from Federal Reserve Chairman Jerome Powell. In a Wall Road Journal interview Tuesday, Powell stated the central financial institution will not hesitate to maintain mountain climbing rates of interest till inflation comes down.

5. JPMorgan buyers ship CEO Jamie Dimon a message about pay

JP Morgan CEO Jamie Dimon speaks on the Boston School Chief Executives Membership luncheon in Boston, Massachusetts, U.S., November 23, 2021.

Brian Snyder | Reuters