With Labor Day fast approaching, many investors are already planning to disengage from the markets. That may prove difficult given the high-stakes economic data scheduled throughout the week.
Friday coincides with the first of the month, which means the U.S. nonfarm payrolls report is scheduled for release. The official jobs report is arguably the most closely watched data release of the month.
The latest batch of nonfarm payrolls data suggest that the domestic labor market continues to shine. Combined with recent improvements in consumer spending and manufacturing, the U.S. economy could be poised for a stronger second half.
Corporate earnings are set to continue this week, although a lack of dividend players will likely see subdued reaction from Wall Street. S&P 500 companies have reported their best quarter of year-over-year earnings growth since 2011, according to financial research firm FactSet.
Economic data and the annual Jackson Hole Symposium drove market headlines last week. To compare this week’s outlook with the previous week, click here.
