1 month ago
Wall Street Focuses on July Jobs, SpaceX, Disney Earnings
Wall Street investors are watching the U.S. jobs report for July to see if the Federal Reserve will raise interest rates.
They also want to see how well big companies like SpaceX and Disney did in their earnings reports.
Other companies like Palantir, AMD, Uber, Airbnb, and Eli Lilly will also report.
The market had a mixed week, with the big stock indexes moving up a little.
People are trying to understand if the economy is getting stronger or if inflation is still a problem.
Investors focus on July U.S. employment data to gauge future Fed rate moves.
Federal Reserve’s Senior Loan Officer Opinion Survey and New York Fed consumer expectations will also be monitored.
SpaceX’s first quarterly earnings after its IPO will be a key corporate event, with focus on Starlink growth and Starship timeline.
Other major companies reporting include Palantir, AMD, Walt Disney, Uber, Airbnb, and Eli Lilly.
S&P 500, Dow, and Nasdaq ended July with modest gains amid tech volatility and inflation concerns.
- Who
- Wall Street investors, Federal Reserve officials, corporate executives
- What
- Monitoring July U.S. jobs data and corporate earnings, especially SpaceX and Disney
- Where
- United States financial markets and Federal Reserve
- When
- Week of August 3‑7, 2024
- Why
- To gauge future interest‑rate outlook and assess company performance
Key facts
- Key Economic Release
- U.S. July Employment Report
- Key Corporate Event
- SpaceX Q1 Earnings
- Major Companies Reporting
- Palantir, AMD, Walt Disney, Uber, Airbnb, Eli Lilly
- Fed Policy
- Rates unchanged
- Market Performance
- S&P 500 up 0.7%
Sources
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