The July jobs report and earnings from McDonald's, Marriott, Clorox, and SpaceX will test whether the consumer is holding up and if the Fed can cut rates in September.
Wall Street enters a packed week with earnings from McDonald's, Marriott, Clorox, and SpaceX, plus the July jobs report that will help shape the Federal Reserve's next move on interest rates.
More than half of S&P 500 companies have reported results, and profit growth has been strong. Major indexes sit at records. The new batch of earnings will test whether those valuations hold as consumers face persistent inflation.
Clorox and Marriott report Monday. Clorox carries an Alpha Score of 34, labeled Weak, according to AlphaScala's proprietary model. Marriott scores 60, Moderate. McDonald's reports Tuesday with a 49, Mixed. The fast-food chain's same-store sales will show whether its value promotions are drawing enough customers to offset higher costs.
SpaceX reports Tuesday, its first earnings release since the company's market debut in June. The stock surged above its opening price, then fell back. The satellite and rocket businesses face different demand cycles, and the call may clarify how SpaceX plans to balance them.
Expedia Group reports Wednesday. Online travel demand has been robust. Higher airfares and hotel rates could pressure margins, something investors will watch closely.
On the economic calendar, the Labor Department releases job openings for June on Tuesday. The bigger report comes Friday at 8:30 a.m. ET: the July employment report. Employment remains one of the stronger areas of the U.S. economy. Job growth has been slowing as inflation concerns weigh on households and businesses. The Fed watches the jobs data closely as it decides on rate policy.
Prepared with AlphaScala editorial tooling from the source reporting linked above. Indexable analysis may include a cited Alpha Score value. Publishing checks screen each story before release. Educational coverage, not personalized advice.