Today's Stock Market News & Events: 3/7/2022

Today's market-moving economic data and earnings schedule

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This week will be a relatively quiet week as far as economic data goes, with wholesale inventories and the foreign trade deficit out early on. All the action will happen at once on Thursday, with a new round of inflation data to digest, courtesy of the core consumer price index (CPI). Investors will also get a glimpse at the Federal Reserve's budget deficit, and latest quarter's domestic nonfinancial debt and household wealth numbers that day as well.  

There will only be a few corporate reports to sift through this week as earnings season settles, including those from Bumble (BMBL), Campbell Soup (CPB), CrowdStrike (CRWD), Dick's Sporting Goods (DKS), (JD), Oracle (ORCL), Petco Health and Wellness (WOOF), Poshmark (POSH), Stitch Fix (SFIX), Ulta Beauty (ULTA), and Wheaton Precious Metals (WPM).

Today will bring consumer credit data.

The following public company is slated to release corporate earnings today, March 7:

Ciena Corp. (NYSE:CIEN -- $65.94) provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. Ciena will report its Q1 earnings of 2022 before the open today.

Squarespace Inc. (NYSE:SQSP -- $22.76) operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet. Squarespace will report its Q4 earnings of 2021 before the open today.

908 Devices Inc. (NASDAQ:MASS -- $15.85) develops and sells measurement devices for chemical and biochemical analysis in North America, Europe, the Middle East, Africa, and the Asia Pacific. 908 Devices will report its Q4 earnings of 2021 after the close today.

AvidXchange Holdings Inc. (NASDAQ:AVDX -- $8.75) provides accounts payable (AP) automation software and payment solutions for middle market businesses and suppliers in North America. AvidXchange will report its Q4 earnings of 2021 after the close today.

Rover Group Inc. (NASDAQ:ROVR -- $5.11) operates an online marketplace for pet care worldwide. Rover Group will report its Q4 earnings of 2021 after the close today.

ThredUp Inc. (NASDAQ:TDUP -- $7.02) operates online resale platforms that allows consumers to buy and sell secondhand women's and kids' apparel, shoes, and accessories. ThredUp will report its Q4 earnings of 2021 after the close today.

Looking ahead to tomorrow, the NFIB small-business index, data on the foreign trade deficit, and wholesale inventories are slated for release.

All economic dates listed here are tentative and subject to change.


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