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Week ahead: inflation figures and big earnings test nervous markets

US consumer price data, Cisco and Applied Materials headline a busy week after Thursday's sharp sell-off.

Investors face a crowded calendar this week as they look for signs of whether last week's steep fall in technology shares was a one-off or the start of a longer slide.

The main economic release is the US consumer price index, the key monthly measure of inflation, which is due during the week and will shape expectations for interest rates.

On the company side, Monday brings results from Constellation Energy before the opening bell, with Occidental Petroleum and Rocket Lab reporting after the close. On Thursday, networking giant Cisco and chip-equipment maker Applied Materials report after the market shuts. Ahead of Cisco's numbers, Morgan Stanley downgraded the stock to the equivalent of a hold rating.

Chip-sector results will be watched especially closely after a sell-off in AI-related stocks last Thursday. Nvidia, the biggest company in the sector, is scheduled to report later in the month.