Wall Street Week Ahead: Teetering US Stock Market Faces Jobs Report, Big Earnings Week
Markets will watch U.S. payrolls and earnings from major technology and consumer companies as traders look for clues on growth and interest rates.
- On Friday, August 7, the nonfarm payrolls report for July will command Wall Street's attention as investors seek clarity on labor conditions following mixed signals from the Federal Reserve.
- Strong corporate earnings have buoyed markets, with 85% of S&P 500 companies beating expectations, though concerns persist that some artificial intelligence sectors have become overheated.
- Fed funds futures indicate a 64% chance of a rate increase at the September meeting as investors parse economic data to gauge the central bank's next move.
- Art Hogan, chief market strategist at B. Riley Wealth, said, "The market has kind of been held hostage to the price of oil and the yield on the 10-year," as investors await potential relief next week.
- Technical analyst Rob Ginsberg wrote, "The next few days are important," warning that if the market stalls, it will be clear stocks are not yet out of the woods.
11 Articles
11 Articles
US labor market takes center stage after hawkish Fed split
The first full week of August will test whether the US Dollar can recover from its sell-off during the last week of July as investors shift their attention from central bank decisions to a fresh round of economic data. The spotlight will be on July’s Nonfarm Payrolls (NFP) report, while ISM surveys, ADP Employment figures and JOLTS Job Openings will offer additional clues on the strength of the US economy. In Europe, investors will assess whethe…
The Economic Times
Times of IndiaWall Street Week Ahead: Teetering US stock market faces jobs report, big earnings week
Investors await US employment data and corporate results this week. Market direction remains uncertain due to geopolitical tensions and interest rate policy. Big tech earnings showed mixed results, impacting investor sentiment significantly. The Federal Reserve's recent decision left many unclear about inflation plans. Upcoming economic reports will guide Wall Street's next market moves.
Teetering US stock market faces jobs report, big earnings week
NEW YORK — U.S. employment data and a batch of corporate results this coming week will keep equity investors on edge over the direction of the stock market, which has been buffeted by geopolitical tensions, uncertain interest-rate policy and sizable…
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