U.S. Labor Reports and Earnings Updates Fill Busy Week Ahead
Economists will watch labor data and earnings for signs that inflation and slower hiring are pressuring households, businesses and Federal Reserve policy.
- Wall Street faces a busy week ahead, featuring the closely-watched employment report on Friday and a wave of corporate earnings from major companies as markets monitor signs of economic health.
- Persistent inflation continues to strain households and businesses, driven by surging fuel costs from the war with Iran and an erratic trade conflict that have disrupted planning and increased operational costs across sectors.
- Wall Street expects profits to rise by 30% overall as companies like Advanced Micro Devices, Super Micro Computer, and Booking Holdings report quarterly results this week, with nearly half of all S&P 500 companies having already released financial data.
- Seeking to cool inflation, the Federal Reserve faces a complicated task as it pursues interest rate hikes while aiming for maximum employment, though higher rates risk further weakening the already stressed jobs market.
- Upcoming releases include the Labor Department's Job Openings and Labor Turnover Survey on Tuesday and manufacturing and services sector updates from the Institute for Supply Management on Monday and Wednesday respectively.
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Several key employment reports and more corporate earnings updates will fill out a busy week – WTOP News
NEW YORK (AP) — The health of the jobs market, along with updates on several areas of the economy and corporate profits, will fill the calendar this week. The latest updates also arrive as Americans head to the polls for the Nov. 3 midterm elections that could reshape Congress as inflation continues squeezing households. Here’s...
Wall Street Week Ahead: Midterm US elections, earnings, jobs data loom for AI-wary stock market
As we approach the US midterm elections next week, stock investors are bracing for the impact of significant corporate earnings reports. The market is already under pressure due to unsatisfactory AI earnings from leading firms, sparking worries about regulatory challenges. Investor focus will be on earnings from major players like Apple and AMD, with the upcoming jobs report additionally providing insights into the strength of the US economy.
Winnipeg Free Press
Several key employment reports and more corporate earnings updates will fill out a busy week
NEW YORK (AP) — The health of the jobs market, along with updates on several areas of the economy and corporate profits, will fill the calendar this week.
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