The Dow Jones Industrial Average fell 1.7% this week following the Federal Reserve’s interest rate hike, while the S&P 500 lost 0.1% and the Nasdaq Composite gained 0.7%. CNBC’s Jim Cramer expects a relatively quiet week on the earnings front, with Okta’s analyst meeting on Wednesday being a key event focusing on AI identity security. Several major companies report results: KB Home on Tuesday, Cintas, Paychex and General Mills on Wednesday, Darden Restaurants on Thursday and Costco on Friday. Cramer remains cautious on General Mills due to rising costs and the impact of GLP-1 weight-loss drugs, but is positive on Darden Restaurants and prefers Brinker International over Darden.
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