Cheddar News looks ahead to Thursday as another day of earnings is slated to hit the markets along with a revised reading of GDP data. 

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The Day Ahead: More Earnings, GDP Data & More

Now let's look ahead at the events that are sure to move markets tomorrow. Let's start with another busy day of earnings on tap. We start with chinese e commerce giant Alibaba, plant based food company beyond meat. Online travel agency booking holdings and entertainment giant Warner Brothers Discovery. They're all sketch To release results tomorrow. Now the street will be closely following the earnings of booking holdings in particular which is the world's largest online travel company. It's expected to post blockbuster earnings per share of $20.97. That's growth of almost 33% year over year And revenue is expected to come in at $3.9 billion. That's a 30% jump from the year before this company is likely to have benefited from the increase in travel demand and higher airline ticket prices as well as room prices And one piece of economic data we're watching tomorrow is the revised reading of the fourth quarter GDP. So the first reading showed that the US economy grew by 2.9% in the final months of 2022 coming in better than expected. But consumer spending which makes up nearly so 70% of the US GDP jumped 2.1% in the holiday quarter. This all comes after the nation's GDP declined for two straight quarters in the first half of the year. Which is the technical definition of a recession, though economists fear we could see a deeper downturn in the months ahead