Several major tech and energy names are set to step into the confessional
The first week of August is also the last earnings-heavy week of the quarter, with a deluge of reports out each day next week. Some of the bigger names reporting results include Alibaba (BABA), Amgen (AMGN), BP (BP), Clorox (CLX), CVS Health (CVS), DraftKings (DKNG), Electronic Arts (EA), Eli Lilly (LLY), Etsy (ETSY), Lyft (LYFT), Occidental Petroleum (OXY), Plug Power (PLUG), Roku (ROKU), and Uber (UBER). The economic calendar looks a bit more scant, though traders will be keeping an eye on the final Markit manufacturing purchasing managers' index (PMI) for July, the monthly ADP employment report, trade deficit data, and a consumer credit reading for June.
Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.
The Markit manufacturing PMI, the ISM manufacturing index, and data on construction spending are all due out on Monday, August 2.
On Tuesday, August 3, factory orders, and motor vehicle sales data are on tap.
Wednesday, August 4 will bring the ADP employment report, the final Markit services PMI reading, and the ISM services index.
Initial and continuing jobless claims are on deck for Thursday, August 5, as well as a trade deficit reading for June.
Friday, August 6, will be busy on Wall Street, with nonfarm payrolls, an unemployment rate update, and average hourly earnings data for investors to digest. Wholesale inventories and consumer credit data will also be due out.