The July jobs report, SpaceX earnings, and AI struggles: What to watch this week Jake Conley Breaking Business News Reporter Sun, August 2, 2026 at 3:00 AM PDT 10 min read SPCX ^IXIC ^GSPC ^DJI After last week's busiest five-day stretch of the quarter, investors will get only a small amount of relief this week. Several banner items on the agenda include the monthly nonfarm payrolls on Friday and SpaceX's ( SPCX ) first earnings report as a public company on Tuesday. The S&P 500 ( ^GSPC ) closed out Friday up 0.7%, for a gain of roughly 1.1% on the week, while the Dow ( ^DJI ) picked up 0.5% on Friday to close the week on a similar performance of roughly 1%. The Nasdaq ( ^IXIC ), continuing its rebound, ended Friday up 1% for a weekly gain of 1.6%. Last week's jam-packed served, in many ways, as an excellent set-up for this week's agenda. In the earnings world, all focus will be on SpaceX in its debut earnings report after going public in the world's largest IPO on record. Elon Musk's part rocket, part AI company will have to answer the same question that faced the rest of the Big Tech hyperscalers: How much are you spending, and do the ends justify the means? Elsewhere in the corporate world, investors will get some more AI-trade results from Palantir Technologies ( PLTR ) and ON Semiconductor ( ON ) on Monday; Advanced Micro Devices ( AMD ) on Tuesday; and memory giants Sandisk ( SNDK ) and Western Digital ( WDC ) on Wednesday. Outside of tech, Big Pharma leaders Eli Lilly ( LLY ) and Novo Nordisk ( NVO ) report on Wednesday, alongside the Walt Disney Company ( DIS ), while energy giants ConocoPhillips ( COP ) and Constellation Energy ( CEG ) report Thursday. On the economic data calendar, all eyes will be on a slew of labor market data, with JOLTS data on Tuesday, ADP private employment data on Wednesday, jobless claims numbers on Thursday, and all of it capped off by the marquee nonfarm payrolls report on Friday. Labor market in focus In the months since Kevin Warsh was confirmed as Fed chairman, he has used nearly all of his public comments to talk about inflation and his commitment to bringing it to heel at 2%. By comparison, he's barely talked about the other side of the Fed's mandate: the labor market, which will come under test this week with a jobs report and more. Friday's jobs report is expected to show 88,000 payrolls were added in July, advancing well over June's 57,000 jobs added. Even though those levels are below the 100,000+ jobs added per month in late 2025, economists broadly consider them healthy, and a release in line (or weaker) will support the Fed's decision to hold off on raising rates. But Wednesday's decision from the FOMC wasn't exactly met with welcome. The 30-year Treasury bond yield pushed above 5.2% to...
🔥 EXCLUSIVE PARTNER OFFER
Ordinateur portable GXMO T152J 15,6 pouces, 16 Go + 512 Go, Windows 11 Pro, processeur Intel Celeron N5100 quadricœur, déverrouillage par empreinte digitale, prise européenne (rose)
452
🎯 Best price guarantee! Order now and enjoy fast shipping with global tracking.
Affiliate link — Commission earned at no extra cost to you
© EcoNews DZ — Global Economic & Financial News
Comments
Post a Comment