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Signet Jewelers, DocuSign, jobless claims: 3 things to watch

June 7, 2023 4:20 PM EDT

Investing.com -- Stocks were mixed on Wednesday as investors awaited next week's Federal Reserve meeting.


With corporate earnings winding down and the debt ceiling drama in Washington resolved, investors are left to think about the Fed's next move on interest rates. Before the decision comes out, the latest consumer price index numbers will be released on Tuesday, giving the Fed policy makers something to think about as they begin their two-day meeting.


Futures traders still put a 70% probability on the Fed pausing rate hikes next week.


Economic data showing that prices are cooling is mixed up with jobs data that shows a still-tight labor market. More information on that front comes out Thursday with the weekly jobless claims.


A smoke condition that has blanketed the East Coast and caused air quality issues in the New York metropolitan region isn't expected to dissipate until later this week. The smoke conditions have interrupted air travel in the region, and flight and transportation issues could persist for another day or two.


Here are three things that could affect markets tomorrow:


1. Signet Jewelers


The jewelry retailer Signet Jewelers Ltd (NYSE: SIG) is expected to report earnings per share of $1.49 on revenue of $1.6 billion.


2. DocuSign reports


The remote signature software maker DocuSign Inc (NASDAQ: DOCU) is expected to report earnings per share of 56 cents on revenue of $641 million.


3. Jobless claims


Initial jobless claims for last week are expected to be around 235,000.



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