Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
As traders approach another pivotal day for financial markets on Tuesday, February 4, 2025, a series of crucial economic data releases that could sway market dynamics are expected. The spotlight will be on the JOLTs Job Openings report, which provides valuable insights into the labor market. Additionally, Factory Orders data will offer a glimpse into manufacturing sector health, while speeches from Federal Reserve officials could provide clues about future monetary policy direction.
Major Economic Events to Watch:
• 10:00 AM ET - JOLTs Job Openings (Dec): Expected 7.880M, Previous 8.098M. This survey measures job vacancies and provides insights into labor market conditions.
Other Important Economic Events to Watch:
• 10:00 AM ET - Factory Orders (Dec): Forecast -0.7%, Previous -0.4%. This report shows the change in total value of new purchase orders placed with manufacturers.
• 11:00 AM ET - FOMC Member Bostic Speaks: Atlanta Fed President’s remarks may offer hints about monetary policy.
• 1:15 PM ET - FOMC Member Daly Speaks: San Francisco Fed President’s comments could impact market expectations.
• 4:30 PM ET - API Weekly Crude Stock: Previous 2.860M. This report provides an overview of US petroleum demand.
Other Economic Events to Watch:
• 8:55 AM ET - Redbook (YoY) (Jan 29): Previous 4.9%. This index tracks year-over-year same-store sales growth in large US general merchandise retailers.
• 10:00 AM ET - Factory Orders ex Transportation (Dec): Previous 0.2%. This data excludes transportation-related orders from the main Factory Orders report.
• 10:00 AM ET - Durables Excluding Transport (Dec): Previous 0.3%. This figure shows durable goods orders excluding the volatile transportation sector.
• 10:00 AM ET - Durables Excluding Defense (Dec): Forecast -2.4%, Previous -2.4%. This data provides insight into durable goods orders excluding defense-related items.
• 10:10 AM ET - IBD/TIPP Economic Optimism (Feb): Expected 53.0, Previous 51.9. This index measures the relative level of economic optimism among US consumers.
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.