Josh Lipton, host of Market Domination, outlines the key developments for investors on Thursday, August 28. The day features several corporate earnings reports alongside significant economic metrics that could shape market sentiment.
Earnings are in the spotlight early in the day with Dollar General set to issue its results. Later in the session, companies including Dell, Marvell, Affirm, Ulta, and Gap will release their quarterly figures. Notably, Dell will announce its second‐quarter numbers after the market closes. An industry expert forecasts that Dell may generate roughly $7 billion from artificial intelligence server sales in the period, boosted by the rollout of Nvidia’s latest Blackwell chips, which might encourage further orders for its systems.
In addition to the earnings reports, pending home sales data for July is scheduled for release in the morning. Economists expect the annualized figures to show a decline of around 0.2%, a less severe drop compared to June’s near 0.8% decrease. This smaller decrease indicates that while the housing market remains soft, the pace of the slowdown has eased somewhat.
At 6:00 p.m., Federal Reserve Governor Christopher Waller will address ongoing policy discussions, adding his perspective amid current economic debates. The scheduled remarks come at a time of heightened attention to Fed matters, especially after reports that President Trump’s effort to remove Fed Governor Lisa Cook may lead her to seek legal remedies, according to her legal representative.
Investors and market observers will be watching these announcements closely. The mix of corporate performance, housing data, and comments from a key Fed official provides a broad view of ongoing economic trends on Thursday, offering a substantial update for market participants as the day unfolds.
