Here are the 2 big things we're watching in the stock market in the week ahead
📰 source: cnbc_topnews · 💼 business
this week the stock market gets a heavy earnings and labor data calendar. tuesday brings qnity electronics and dupont reports; wednesday brings eli lilly in the morning and honeywell aerospace after the close. qnity, a semiconductor materials supplier, is expected to show robust demand from chipmakers. dupont faces ongoing supply-chain pressure from middle east tensions and higher oil prices. eli lilly's focus is on international glp-1 sales and the foundayo obesity pill launch. honeywell aerospace reports after weak july results from its parent.
on the macro side, jolts job openings arrive tuesday, adp private payrolls wednesday, and the july nonfarm payrolls friday. economists expect 65,000 jobs added and unemployment tick up to 4.3%. fed chair kevin warsh left rates unchanged and promised to win the battle against inflation, which ran 3.7% in june. rising oil prices from the iran war complicate the inflation outlook. analysts also watch ism manufacturing and services pmis for ground-level business conditions.
why it matters: packed week of earnings and jobs data will shape fed rate expectations, with inflation and oil prices clouding the outlook.
source: cnbc_topnews
sentiment: +0.00 · impact: 0.50