Inflation Data, Corporate Earnings to Drive Market Focus

Key Takeaways:

* Consumer Price Index (CPI) inflation report for January scheduled this week
* Federal Reserve Chair Jerome Powell to testify before Congress
* McDonald's, Coca-Cola, Shopify to report earnings, providing insights into consumer sentiment
* Technology firms Cisco, Applied Materials, Robinhood, Coinbase also on earnings calendar

Economic Updates:

* Inflation Data: January CPI release on Wednesday, providing an update on price pressures
* Wholesale, Import, Export Pricing: Data expected this week, offering insights into inflationary trends
* U.S. Retail Sales: Friday's scheduled release will indicate consumer spending patterns
* Federal Reserve Commentary: Chair Powell's testimony before Congress on Tuesday and Wednesday will focus on interest rates and economic conditions

Corporate Earnings:

* Monday, Feb. 10: McDonald's, Vertex Pharmaceuticals, Onsemi
* Tuesday, Feb. 11: NFIB small business optimism, Fed Chair Powell testimony, earnings from Coca-Cola, Shopify, Gilead Sciences, Marriott International, Welltower, DoorDash
* Wednesday, Feb. 12: CPI release, Fed Chair Powell testimony, earnings from Cisco, Applovin, Equinix, CME Group, CVS Health, Robinhood
* Thursday, Feb. 13: Initial jobless claims, Producer Price Index, earnings from Applied Materials, Unilever, Sony, Brookfield, Moody's, Airbnb, Honda Motor, Motorola, Coinbase
* Friday, Feb. 14: U.S. retail sales, import/export price indexes, earnings from Enbridge, Moderna

Investors will closely watch inflation data and Fed commentary, as well as earnings updates from consumer-focused companies and technology firms, for guidance on the market's direction.