Key market-moving events in the upcoming week include Q2 earnings, Fed meeting, and jobs data.

From Nasdaq: 2024-07-29 10:39:00

This week is packed with market-moving events, including key jobs data releases and the two-day Fed meeting. Job numbers are projected to decrease, with JOLTS job openings expected to drop to 8.0 million. Other data to watch includes housing prices, consumer confidence, and manufacturing results. The Fed is unlikely to cut rates this week.

McDonald’s shares rose after missing earnings estimates, likely due to digital and delivery sales growth. ON Semiconductor shares surged 9% on strong earnings, exceeding expectations by 4 cents per share. Microsoft, Apple, and Amazon are set to report Q2 earnings this week, along with other major companies like Procter & Gamble, AMD, Merck, and JetBlue.

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Read more at Nasdaq: Big Numbers Ahead: Q2 Earnings, Fed Meeting, Jobs Week