Inflation, Personal Spending, Amazon: 3 Things to Watch By Investing.com – Investing.com

SourceInvesting.com
SectorEconomy
CountryGulf

© Reuters.

By Christiana Sciaudone

Investing.com — Facebook (NASDAQ:) helped guide the market higher, surging after earnings surprised the market. 

The major indices rose amid growth in the U.S. that accelerated in the first quarter and that are the lowest since the pandemic shattered the U.S.

economy in March 2020.

Apple (NASDAQ:) was little changed despite reporting exceptional sales for the quarter. On the downside, eBay (NASDAQ:) tumbled as it gave guidance that failed to inspire. Amazon (NASDAQ:)’s up next, reporting after the bell.

A rally in oil boosted crude prices by nearly $3 per barrel or 5% from Monday’s close. Oil including Chevron (NYSE:) and Exxon (NYSE:) Mobile report quarterly earnings tomorrow morning.

Here are three things that could affect markets tomorrow:

1. Inflation

The Commerce Department will publish data on and spending for March, which include the (PCE) inflation figures, at 8:30 AM ET (1230 GMT) Friday. The consensus is that the report...read more...