Still, the market indicates a 37.9% chance that the Federal Reserve will keep interest rates steady next month. Trump's policies are expected to have a potentially inflationary impact, and the market is debating whether interest rates will remain higher for longer as the Fed is again forced to confront rising prices.

In the week ahead, a fresh reading on inflation and retail sales will lead the economic calendar. In corporate news, quarterly results from Home Depot ( HD ), Cisco ( CSCO ), and Disney ( DIS) will highlight another week of earnings reports.

Global trends, several macroeconomic indicators, and the last batch of the financial earnings for the September quarter will drive investors in the week, analysts said. Experts pointed out that the trading sentiment of foreign investors and economic trends will also have an impact on equity markets.