Key insights
- Key economic data including PPI and jobless claims are set to be released, offering insights into inflation and labor market trends. Adobe and Lennar will report earnings, with Adobe's CEO transition being a key focus. While these events provide important data points, their immediate forward-looking impact on the broader US equity market is neutral, pending the actual data and company performance.
Asking for a Trend Host Josh Lipton breaks down what investors should be on the lookout for on Thursday, June 11. On the earnings front, Adobe (ADBE) and Lennar (LEN) are set to report, while key economic releases include the Producer Price Index (PPI) and weekly initial jobless claims.
Time now for to watch Thursday, June 11th, investors getting the fresh reads on earnings, inflation and the labor force.
We start off with tech, Adobe reporting quarterly results after the market's close, and it's looking for clarity on the company's CEO transition, which could overshadow the financial results.
Also reporting after the bell on Thursday Lennar. Investors will be watching for trends in new home orders after the home builder previously guy for a year over year decline in Q2.
On the economic front, the Producer Price Index or PPI is coming out in the morning on Thursday, giving investors another look at inflation. economists forecasting headline and core producer prices to slow down compared to April, signaling some easing in wholesale inflation.
And taking a look at the economy, we're going to be getting the latest reading on initial jobless claims. Con expecting new claims to dip slightly compared to last week's. Investors will be looking for the Fed's next move on interest rates.