Wall Street Week In advance: Focus on payrolls that are not on the farm, S&P manufactures PMI, Nike Earnings
Wall Street is ready for a busy week with a wealth of economic data chairs that are scheduled. The primary focus for the market participants will focus on the September and August workout report report. In addition to these important employment rates, traders will carefully monitor the exemptions of the S&P Final Manufacturing and Services PMIs, Consumer Confidence, TBA car sales and pending home sales. On the corporate calendar, investors also have earnings to predict, especially the quarterly results of the world’s largest shoe business, Nike. Economic calendar On September 29 (Monday), a report on the pending home sales for August will be released. On September 30 (Tuesday), separate reports on the S&P Case-Shiller Home Price Index (20 cities) for July, Chicago Business Barometer (PMI) for September, will be released for August and the confidence of the consumer for September. On October 1 (Wednesday), separate reports on ADP employment for September, construction expenditure for August, S&P Final US manufacturing PMI for September, ISM manufacturing for September, and the TBA car sales for September will be released. On October 2 (Thursday), separate reports on the initial unemployed claims for the week ended September 26 and factory orders for August will be released. On October 3 (Friday), separate reports on the US employment report for September, S&P Final US Services PMI for September, and ISM services for September. Earnings to businesses will report the second quarter results in the coming week report-Carnival Corp., Jefferies Financial, IDT, Nike, Paychex, Lamb Weston Holdings, Acuity Inc., Conagra-brands, Cal-Maine, Rezolve AI, and Angiodynamics, Inc. Markets ended the previous week higher on Friday after the mostly in-line inflation data. The Personal Consuming Expenses Index Report for the Department of Trade for August showed that inflation was as expected, while personal income and consumer spending were surprised to the upside. The Dow Jones industrial average rose by 299.97 points, or 0.65%, to 46,247,29, the S&P 500 scored 38.98 points, or 0.59%, to 6,643.70 and the NASDAQ composition scored 99.37 points, or 0.44%, to 22,484.07. For the week, the DOW was 0.2%lower, the S&P 500 was 0.3%lower and the Nasdaq fell 0.7%. In the bond market, the return on the 10-year treasury was stable at 4.18%.