5 Developments To Watch Next Week - Stock Markets

The U.S. economic calendar is mild for a week in which the holiday will be shortened as unemployment claims numbers may receive more attention than usual after the big loss in Friday's jobs report, while producer price inflation figures take the top bill. Comments from Federal Reserve officials will also be in focus after the disappointing August employment report. Stocks are likely to remain supported after employment data undermines the possibility of short-term contraction. Here's what you need to know about stock markets to start the week, in the series where we examine 5 developments to follow next week.

3.Stock Markets

US markets will be closed on Monday for the Labor Day holiday and activity may continue to remain low as investors return after the long weekend. The Nasdaq ended the day at a fresh high on Friday, but the other two major indices slumped after a much weaker-than-expected jobs report that raised fears about the pace of the economic recovery but weakened the possibility of a contraction this month. Investors will also watch quarterly results from video game retailer GameStop (NYSE/GME). GameStop's crazy journey this year, which has been on the agenda this year thanks to Reddit, continues to draw attention to the frenzy of so-called "meme" stocks, which some say is a sign of irrational flooding in the markets.     Source: Investing.com You may also be interested 5 Developments to Watch Next Week – Fed Comments