It’s the peak stretch of second-quarter earnings season, with roughly 150
S&P 500
firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers’ index readings and jobs Friday.
Wednesday’s earnings highlights will be
Booking Holdings
,
CVS Health
,
eBay
,
and
Moderna
.
Thursday will bring results from Alibaba Group Holding, Block,
ConocoPhillips
,
Paramount Global
,
and
Warner Bros. Discovery
,
before
EOG Resources
and
Western Digital
close the week on Friday.
Economic data out this week will include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services
PMI
on Wednesday. Both measures of activity are seen declining from June.
On Tuesday, the Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey for June. Then, on Thursday, the Bank of England will announce a monetary-policy decision. An interest-rate hike is likely to be in store.
Finally, the highlight of the week will be the Bureau of Labor Statistics’ jobs report for July on Friday morning. Economists’ consensus calls for growth of 250,000 nonfarm payrolls and for the unemployment rate to remain at 3.6%.
Monday 8/1
Arista Networks
,
DaVita
,
Devon Energy, Global Payments,
SBA Communications
,
Simon Property Group, and
Williams
Cos. report earnings.
The Census Bureau reports construction…
..
