Next week was always going to be crucial for the stock market with AI behemoth Nvidia Corp. due to report earnings. But with the results from a slew of major retailers also hitting, the next few days have suddenly become critical to traders seeking a view on the health of consumers and the economy.
In many ways, the upcoming results from Walmart Inc., Target Corp., Home Depot Inc. and other companies that sell the goods Americans buy are likely to overshadow Nvidia because they offer insights into spending patterns at a time when there’s scant data for Wall Street to go on.