Nordstrom, Inc. (JWN) Inventory Forecast

Abstract

Monday begin: Howdy 2025! It will likely be one other shortened vacation week, because the markets are closed on Wednesday for New 12 months’s Day. Final week, the Dow Jones Industrial Common gained 0.4%, the S&P 500 gained 0.7%, and the Nasdaq gained 0.8%. Santa has been form to inventory traders in 2024, however not as a lot within the remaining days of December. With simply two buying and selling days left within the yr, the Dow is up 14%, the S&P is up 25% and the Nasdaq is up 31%. The brand new earnings season will start in mid-January, with the massive banks being the primary to report their outcomes. For 2025, Argus forecasts 12% EPS progress for S&P 500 corporations. This follows higher-than-expected 9% progress in 2024. On the financial calendar, there are only a few releases this week . On Tuesday, the Case-Shiller Home Worth Index might be launched; Thursday, development spending; and Friday, ISM Manufacturing. Argus Chief Economist Chris Graja’s name of the week is the ISM Manufacturing report, and he provided the next ideas. “We anticipate Friday’s report on new manufacturing orders to remain simply above 50, signaling growth. This is a vital main indicator and even modest excellent news can be a welcome signal for the manufacturing sector, which has not been doing its half in a closely consumer-driven economic system. Mortgage charges rose 13 foundation factors (bps) final week, with the typical 30-year fixed-rate mortgage fee now at 6.85%, in accordance with FreddieMac. The typical value of normal gasoline remained at $3.02 per gallon. Atlanta Fed GDP Now