Today's Stock Market News & Events: 12/7/2020

Today's market-moving economic data and earnings schedule

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    Despite a disappointing November jobs report released on Friday, all three major market benchmarks were still able to score record closes for the day, and to turn in weekly wins. Though the markets brushed it off, some investors are interpreting the worse-than-expected jobs data as added pressure to pass a second stimulus bill, with Senate Minority Leader Chuck Schumer tweeting that the report showed the need for "strong, urgent emergency relief." The calls for additional stimulus in 2020 come amid new records in coronavirus infections, hospitalizations and single-day deaths.

    The Dow Jones Industrial Average (DJI - 30,218.26) gained 248.7 points on Friday, and 1% last week. The S&P 500 Index (SPX - 3,699.12) added 32.4 points on Friday, and 1.6% on the week last week. The Nasdaq Composite (IXIC - 12,464.23) increased 87.1 points on Friday, and closed up 2.1% last week. The Cboe Volatility Index (VIX - 20.79) fell 0.5 point on Friday and dropped 0.2% for the week.

    Looking ahead to today, the stock market shows no signs of slowing down this week, with peak holiday season well underway and plenty of economic data for investors to unpack each day. The week will start off today on a quieter note, with just consumer credit data slated for release. There are also quite a few earnings reports due out today.

    For your convenience, we have rounded up the companies slated to release earnings today, December 7:

    JinkoSolar Holding Co., Ltd. (NYSE:JKS -- $61.40) engages in the design, development, production, and marketing of photovoltaic products. JKS has gone up by 23.4% year-over-year. JinkoSolar Holding will report its third-quarter earnings before the bell today.

    Casey's General Stores, Inc. (NASDAQ:CASY -- $191.56) operates convenience stores under the Casey's and Casey's General Store names. Casey's General will report its second-quarter earnings of fiscal 2021 after the market closes today.

    Coupa Software, Inc. (NASDAQ:COUP -- $318.15) provides cloud-based business spend management platform. Coupa Software will report its third-quarter earnings after the market closes today.

    HealthEquity, Inc. (NASDAQ:HQY -- $70.60) provides technology-enabled services platforms to consumers and employers in the United States. HealthEquity will report its third-quarter earnings after the market closes today.

    Smartsheet, Inc. (NYSE:SMAR -- $61.56) provides cloud-based platform for execution of work. Smartsheet will report its third-quarter earnings after the market closes today.

    Stitch Fix, Inc. (NASDAQ:SFIX -- $35.56) sells a range of apparel, shoes, and accessories. Stitch Fix will report its first-quarter earnings of fiscal 2021 after the market closes today.

    Sumo Logic, Inc. (NASDAQ:SUMO -- $30.11) provides cloud-native software-as-a-service platform. Sumo Logic will report its third-quarter earnings after the market closes today.

    Toll Brothers, Inc. (NYSE:TOL -- $47.90) designs, builds, markets, sells, and arranges finance for luxury detached and attached homes. Toll Brothers will report its fourth-quarter earnings after the market closes today.

    Here is a quick recap of how Friday's earning calls played out:

    Big Lots, Inc. (NYSE:BIG -- $52.85) operates as a retailer in the United States. Earnings per share increased 522.22% over the past year to $0.76, which beat the estimate of $0.66. Revenue of $1,378,000,000 up by 17.98% year over year, which beat the estimate of $1,350,000,000.

    Genesco, Inc. (NYSE:GCO -- $30.75) operates as a retailer and wholesaler of footwear, apparel, and accessories. Earnings per share were down 36.09% over the past year to $0.85, which may not compare to the estimate of ($0.14). Revenue of $479,280,000 declined by 10.79% year over year, which beat the estimate of $457,210,000.

    Looking ahead to tomorrow, investors can expect productivity revisions, as well as unit labor costs data. There will also be a good amount of earnings calls for investors to unpack on Tuesday.

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