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Jobs Report, Consumer Credit, Levi Strauss Earnings Best Week Ahead

Jobs Report, Consumer Credit, Levi Strauss Earnings Best Week Ahead
Written by boustamohamed31

Investors will get a break on Monday as the New York Stock Exchange will be closed in accordance with Fourth of July holiday. While the week ahead will be light on earnings, Wall Street will focus on the latest jobs and consumer data.

Stocks bounced between losses and gains on Friday, eventually closing higher across the board with momentum building in the final hour of trading. The Dow Jones Industrial Average rose 321.83 points, or 1.05%, to 31,097.26. Meanwhile, the S&P 500 and Nasdaq composite rose 1.04 percent and 0.9 percent, respectively.

Ticker Security Last change change %
Me: DJI AVERAGE INFORMATION ABOUT THE DOW JONES 31097.26 +321.83 +1.05%
SP500 S&P 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 events that are likely to move the financial markets in the next days.

Tuesday 7/5

Economic data for the week will start with durable goods and factory orders. Additionally, private equity firm Allen & Company will hold its annual Sun Valley Conference.

STOCK MARKET NEWS: DOW, S&P, NASDAQ EARNINGS, AIRLINES JOIN 4TH OF JULY TRAVEL CHAOS

Ticker Security Last change change %
TSLA TESLA INC. 681.79 +8.37 +1.24%
MSFT MICROSOFT CORP. 259.58 +2.75 +1.07%
AAPL APPLE INC. 138.93 +2.21 +1.62%
META META PLATFORMS INC. 160.03 -1.22 -0.76%
BRK.A BERKSHIRE HATHAWAY INC. 415,850.00 +6,900.00 +1.69%
GOOGLE ALPHABET INC. 2,174.75 -4.51 -0.21%
CMCSA COMCAST CORP. 40.29 +1.05 +2.68%
AL PARAMOUNT GLOBAL 25.21 +0.53 +2.15%
NFLX NETFLIX INC. 179.95 +5.08 +2.91%
DIS THE WALT DISNEY CO. 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 Chairman and CEO Warren Buffett, CEO of Alphabet’s Sundar Pichai, Comcast Chairman Brian Roberts, Paramount Global Non-Executive Chairman Shari Redstone, Netflix co-founders Reed Hastings and Ted Sarandos and Disney CEO Bob Chapek.

Ticker Security Last change change %
PRICE COSTCO WHOLESALE CORP. 485.76 +6.48 +1.35%

Tuesday also marks the beginning of Costco’s new requirement that New Jersey customers must have a membership to buy gas.

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Wednesday 7/6

Wednesday’s economic slate will include the minutes from the Federal Reserve, the JOLTS report, the ISM non-manufacturing PMI and weekly mortgage applications.

Federal Reserve Bank of New York President John Williams delivers opening and closing remarks to the New York Federal Reserve Web Series on Culture: “Changing Norms? The Intersection of Technology and Culture in Financial Services,” hosted by the Federal Reserve Bank of New York.

Protest for immigration rights

Immigration rights activists hold a rally outside the US Supreme Court in Washington, DC, November 12, 2019, as the Court hears arguments to end 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 request to lift the block on new DACA applicants.

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Thursday, 7/7

The focus of Thursday’s earnings will be Levi Strauss and WD-40 after the bell.

Ticker Security Last change change %
LEFT LEVI STRAUSS & CO. 16.01 -0.31 -1.90%
WDFC WD-40 CO. 199.78 -1.58 -0.78%

As for economic data, investors will look at the trade balance, the latest initial and ongoing jobless claims and the Energy Information Administration’s weekly crude oil inventory.

St. Louis Fed President James Bullard will also give a presentation on the U.S. economy and monetary policy before the Little Rock Regional Chamber’s Hybrid Little Rock Luncheon.

Friday 7/8

Rounding out the week of economic data will be the June jobs report, wholesale inventories and sales and consumer credit.

New York Federal Reserve President John Williams will also speak and participate in a discussion on monetary policy, the US and Puerto Rico economic outlook and economic trends ahead of the event hosted by the University of Puerto Rico’s Mayaguez Campus.

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