Job report, consumer credit, Levi Strauss income top week ahead
Surevest CEO Rob Luna, Semi-Analysis Chief Analyst Dylan Patel and University of Maryland economist Peter Morici provide insights into the stock market and economics of “Make Money with Charles Payne.”
Investors will have a break on Monday as the New York Stock Exchange will be closed under the Fourth of July holiday. While the coming week will be easy for earnings, Wall Street will be focused on the latest jobs and consumer-related data.
On Friday, the stocks jumped between losses and gains, and finally closed higher above the entire line of momentum that picked up in the last hour of trading. The Dow Jones Industrial Average rose 321[ads1].83 points, or 1.05%, to 31,097.26. Meanwhile, the S&P 500 and Nasdaq composites rose 1.04% and 0.9%, respectively.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGE | 31097.26 | +321.83 | +1.05% |
| SP500 | S&P 500 | 3825.33 | +39.95 | +1.06% |
| I: COMP | NASDAQ COMPOSITE INDEX | 11127.845123 | +99.11 | +0.90% |
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Tuesday 7/5
Start the week for financial data will be durable goods and factory orders. In addition, the private investment company Allen & Company will hold its annual Sun Valley conference.
STOCK MARKET NEWS: DOW, S&P, NASDAQ GAIN, AIRLINES AGREEMENTS WITH TRAVEL CHAOS JULY 4
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| TSLA | TESLA INC. | 681.79 | +8.37 | +1.24% |
| MSFT | MICROSOFT CORP. | 259.58 | +2.75 | +1.07% |
| AAPL | APPLE INC. | 138.93 | +2.21 | +1.62% |
| META | META PLATFORMS INC. | 160.03 | -1.22 | -0.76% |
| BRK.A | BERKSHIRE HATHAWAY INC. | 415,850.00 | +6 900.00 | +1.69% |
| GOOGL | ALPHABET INC. | 2,174.75 | -4.51 | -0.21% |
| CMCSA | COMCAST CORP. | 40.29 | +1.05 | +2.68% |
| TO | PARAMOUNT GLOBAL | 25.21 | +0.53 | +2.15% |
| NFLX | NETFLIX INC. | 179.95 | +5.08 | +2.91% |
| HAZE | WALT DISNEY CO. | 96.14 | +1.74 | +1.84% |
According to Variety, this year’s guests will include Tesla CEO Elon Musk, Microsoft founder Bill Gates, Apple CEO Tim Cook, Meta CEO Mark Zuckerberg, Berkshire Hathaway chairman and CEO Warren Buffett, Alphabet CEO Sundar Pichai, Comcast chairman Brian Roberts, Paramount Global non-executive chairman Shari Redstone, Netflix co-founders Reed Hastings and Ted Sarandos and Disney CEO Bob Chapek.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| COST | COSTCO WHOLESALE CORP. | 485.76 | +6.48 | +1.35% |
Tuesday also marks the beginning of Costco’s new requirement that New Jersey customers must have a membership to purchase gasoline.
THE CONSUMER’S DRIVE TO CONTINUE “MARCING FORWARD” WILL SOON BE “Quite DIFFICULT”: FMR FINANCIAL COUNCIL DIRECTOR
Wednesday 7/6
Financial data on Wednesday’s document will include the Fed Protocol, the JOLTS report, the ISM non-manufacturing PMI and weekly mortgage applications.
Federal Reserve Bank of New York President John Williams gives opening and closing remarks before the New York Fed Web Series on Culture: “Shifting Norms? The Intersection of Technology and Culture in Financial Services,” organized by the Federal Reserve Bank of New York.
Immigration rights activists are holding a hearing before the Supreme Court in Washington, November 12, 2019, while the court hears arguments about the Deferred Action for Childhood Arrivals (DACA) program. (Saul Loeb / AFP via / Getty Images)
The Fifth Circuit Court of Appeals will also hold a hearing on the Biden administration’s bid to lift a blockade of new DACA applicants.
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Thursday 7/7
Levi Strauss and WD-40 will be in the spotlight on Thursday after noon.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| LEVI | LEVI STRAUSS & CO. | 16.01 | -0.31 | -1.90% |
| WDFC | WD-40 CO. | 199.78 | -1.58 | -0.78% |
On the economic data front, investors will digest the foreign trade balance, the latest in initial and ongoing unemployment claims, and the Energy Information Administration’s weekly crude oil stocks.
St. Louis Fed President James Bullard will also give a presentation on the US economy and monetary policy before the hybrid Little Rock Regional Chambers Power Up Little Rock Luncheon.
Friday 7/8
Ending the week for financial data will be the job report from June, wholesale inventories and sales and consumer credit.
New York Fed President John Williams will also talk about and participate in a discussion on monetary policy, economic prospects for the United States and Puerto Rico and economic trends before an event hosted by the University of Puerto Rico’s Mayagüez campus.
