Markets Wait for Key Inflation Data

Company Earnings Summary - Home Depot (HD) reported earnings of $3.78 per share, beating the Zacks consensus estimate of $3.64 by +3.85%, with quarterly revenues of $40.22 billion, exceeding expectations by +2.17%. This marks the fourth consecutive earnings beat for the company, and shares rose +1.7% following the announcement, with an +18% increase year-to-date [4]. - Shopify (SHOP) experienced a revenue growth of +26% to $2.16 billion, surpassing analyst expectations of $2.11 billion. Despite a slight miss on earnings per share at 26 cents, shares surged +22% post-report, reflecting strong investor confidence [5]. - Tyson Foods (TSN) achieved a significant earnings beat of +43.75%, reporting 92 cents per share against an expectation of 64 cents, with revenues of $13.57 billion, exceeding the forecast of $13.33 billion. Gross margins improved to +7.8%, significantly higher than the +3.1% from the previous year, leading to a +6% increase in pre-market shares [6]. Market Overview - The S&P 500 index has seen five consecutive sessions of gains, reaching new closing highs, although it is currently down -4 points. The Nasdaq is also at all-time highs but is down -3 points, while the Dow is up +31 points. The small-cap Russell 2000 index is down -14 points. Bond yields are rising, with the 10-year yield at +4.392% and the 2-year yield at +4.334% [3].