3 days ago
Wall Street Week Ahead: Jobs, AI Earnings and Tesla Cybercab
Wall Street investors are preparing for a busy week.
They will study the United States jobs report to see how strong the labor market is.
The report could affect what the Federal Reserve does with interest rates.
Other reports will describe manufacturing, services, factory orders and job openings.
The Federal Reserve will also publish its Beige Book.
Several technology companies will report earnings connected to artificial-intelligence demand and data-center spending.
Tesla will hold an event about its Cybercab autonomous vehicle in Austin, Texas.
Investors will also consider that major United States stock indexes fell at the end of the previous week.
Investors will watch the August United States jobs report for clues about the Federal Reserve’s next interest-rate decision.
Manufacturing and services PMIs, construction spending, job openings and the Federal Reserve Beige Book are also scheduled.
Dell Technologies, Broadcom, Snowflake, Hewlett Packard Enterprise and other companies will report quarterly results.
Tesla’s invite-only Cybercab launch event is scheduled for Thursday in Austin, Texas.
United States stocks fell Friday, with the S&P 500 down 0.2% and the Nasdaq Composite down 0.5%.
- Who
- Investors, the Federal Reserve, major technology companies and Tesla.
- What
- A week of important United States economic data, technology earnings and Tesla’s Cybercab event is scheduled.
- Where
- The economic data concern the United States; Tesla’s event is scheduled for Austin, Texas.
- When
- The week beginning August 31, with the employment report due September 4 and the Cybercab event scheduled for Thursday.
- Why
- The data and earnings may influence expectations about Federal Reserve interest-rate decisions, economic strength and technology valuations.
Key facts
- Key economic report
- The August United States employment report is due September 4.
- Federal Reserve release
- The Beige Book is scheduled for release on September 2.
- Technology earnings
- Scheduled reporters include Dell Technologies, Broadcom, Snowflake, Hewlett Packard Enterprise and Palo Alto Networks.
- Tesla event
- Tesla has scheduled an invite-only Cybercab launch event for Thursday in Austin, Texas.
- S&P 500 Friday close
- The index fell 19.23 points, or 0.2%, to 7,711.76.
- Nasdaq Composite Friday close
- The index fell 138.93 points, or 0.5%, to 26,402.42.
- Russell 2000 Friday close
- The index fell 41.97 points, or 1.4%, to 2,972.37.
Sources
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