August 20, 2022

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Jobs report, consumer credit, Levi Strauss highest earnings next week

Jobs report, consumer credit, Levi Strauss highest earnings next week

Investors will get a breather on Monday as the New York Stock Exchange will be closed to celebrate Fourth of July holiday. While the upcoming week will be light on earnings, Wall Street will focus on the latest jobs and data related to consumers.

On Friday, stocks rebounded between losses and gains and finally closed higher across the board as momentum built up in the final hour of trading. The Dow Jones Industrial Average jumped 321.83 points, or 1.05%, to 31,097.26. Meanwhile, the S&P 500 and Nasdaq Composite were up 1.04% and 0.9%, respectively.

ribbon protection else they change they change %
Me: DJI Dow Jones averages 31097.26 +321.83 + 1.05%
SP500 Standard & Poor’s 500 3825.33 +39.95 + 1.06%
I: COMP Nasdaq Composite Index 11127.845123 +99.11 + 0.90%

FOX Business takes a look at upcoming potential events to move financial markets in the coming days.

Tuesday 5/7

The start of the week for economic data will be durable goods and factory orders. In addition, private investment firm Allen & Company will hold its annual Sun Valley Conference.

Stock Market News: Dow, S&P, Nasdaq gains, airlines deal with Fourth of July travel chaos

ribbon protection else they change they change %
TSLA Tesla Corporation 681.79 +8.37 + 1.24%
MSFT MICROSOFT CORP. 259.58 +2.75 + 1.07%
AAPL Apple company 138.93 +2.21 + 1.62%
dead META PLATFORMS INC. 160.03 -1.22 -0.76%
BRK.A BERKSHIRE HATHAWAY INC. 415,850.00 +6,900.00 + 1.69%
The Google ALPHABET INC. 2,174.75 -4.51 -0.21%
CMCSA Comcast Corp. 40.29 +1.05 + 2.68%
Para Paramount Global 25.21 +0.53 + 2.15%
NFLX NETFLIX INC. 179.95 +5.08 + 2.91%
dis The Walt Disney Company. 96.14 +1.74 + 1.84%

According to Variety, this year’s guests will include Tesla CEO Elon Musk, Microsoft co-founder Bill Gates, Apple CEO Tim Cook, Meta CEO Mark Zuckerberg, Berkshire Hathaway President and CEO Warren Buffett, and Alphabet CEO Sundar Pichai and Comcast President Brian Roberts, Paramount. Global Non-CEO Shari Redstone, Netflix founders Reed Hastings and Ted Sarandos and Disney CEO Bob Chapek.

ribbon protection else they change they change %
cost Costco Wholesale Corporation. 485.76 +6.48 + 1.35%

Tuesday also marks the start of Costco’s new requirement that New Jersey customers have a membership to purchase gasoline.

Consumer drive to keep ‘moving forward’ soon will be ‘very difficult’: FMR Economic Council director

Wednesday 7/6

Wednesday’s economic agenda will include the Fed Minutes, the JOLTS report, the ISM Non-Manufacturing PMI and the weekly mortgage applications.

New York Fed President John Williams delivers opening and closing remarks before the New York Fed Web Series on Culture: “Changing Standards? The Intersection of Technology and Culture in Financial Services” regulated by the New York Fed.

Immigration rights activists staged a demonstration in front of the US Supreme Court in Washington, DC, November 12, 2019, as the court hears arguments for ending the Obama-era DACA (Deferred Action for Childhood Arrivals) program. (Photo by Saul Loeb/AFP via Getty Images/Getty Images)

The Fifth Circuit Court of Appeals will also hold a hearing on the Biden administration’s attempt to overturn a ban on new DACA applicants.

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Thursday 7/7

The earnings highlight on Thursday will be Levi Strauss and WD-40 after the bell.

ribbon protection else they change they change %
fibrous Levi Strauss & Company. 16.01 -0.31 -1.90%
WDFC WD-40 CO. 199.78 -1.58 -0.78%

On the economic data front, investors will absorb the foreign trade balance, the latest in initial and continuing jobless claims and the EIA’s weekly crude oil inventories.

James Pollard, President of the Federal Reserve Bank of St. Louis, will also give a presentation on the US economy and monetary policy before the Little Rock Hybrid Luncheon at the Little Rock Regional Room.

Friday 7/8

The week concludes with economic data, jobs report for June, wholesale inventories, sales and consumer credit.

John Williams, President of the Federal Reserve Bank of New York, will also speak about monetary policy, economic outlook, the economic outlook for the United States and Puerto Rico, and economic trends ahead of the event hosted by the University of Puerto Rico in Mayaguez campus.

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