Trump's Fed pick comes into focus, economic data backlog clears: What to watch this week

Stocks closed on Friday in the red, with the tech-heavy Nasdaq Composite (^IXIC) down roughly 1.7% while the blue-chip Dow Jones Industrial Average (^DJI) and benchmark S&P 500 (^GSPC) shed 0.5% and 1%, respectively. For the week, the Nasdaq fell about 1.5% while the Dow gained over 1%. The S&P 500, which shed 0.6% for the week, closed at a record high on Thursday. With another 25 basis point cut in the rearview for the Federal Reserve, attention is likely to focus on machinations around the next Fed cha ...