Key market data awaited this week, including Jobs Week, expected drop in job openings

From NASDAQ.: 2024-07-29 11:08:00

This week is filled with key market data, starting with Jobs Week. Expectations include a drop in job openings and jobless claims, with nonfarm payrolls coming in under 200K. Meanwhile, the Fed isn’t expected to lower interest rates. Big companies like Microsoft, Apple, and Amazon will release Q2 earnings later this week.

McDonald’s shares rose despite missing earnings estimates, showing potential for recovery. ON Semiconductor shares surged on earnings beats, erasing year-to-date losses. Microsoft, Apple, and Amazon will release Q2 earnings this week, along with other major companies like Meta Platforms and Procter & Gamble.

Investors are keeping an eye on hydrogen energy, with projected demand to reach $500 billion by 2030. Zacks Investment Research provides a free report on three companies poised to benefit from the growing clean energy trend. Visit the link for more information on these industrial giants in the renewable energy sector.



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