The Day Ahead: Walmart & Alibaba Earnings, Economic Data Update

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The Day Ahead: Walmart, Alibaba to Report Earnings & Economic Data Update

Take a look at the day ahead. What we can expect at tomorrow in the stock market. After what was a nice rally on Wall Street today, we have more earnings from some big name companies like Walmart, Alibaba and body works and do the report of the first quarter results from Walmart will give us a good sense of the retail space just a day after target released its earnings today that did exceed Wall Street expectations and the stock reacted favorably. We also have some new economic data released with those weekly jobless claims. We get them every Thursday. Existing home sales for April that's on tap and us leading indicators that reports set to drop tomorrow too. Well, last week's jobless claims reported cling adjusted initial claims at 264,000. The highest level for initial claims since October of 2021 that number was up 22,000 from the week before existing home sales in March at a seasonally adjusted annual rate of 4.44 million down 2.4% from February's data and leading economic data at 108.4 in March down 1.2% from February's index.