Key Takeaways
The strength of the labor market will likely be in focus this week, with the January employment report and other jobs data scheduled for release, along with updates on the manufacturing and services sectors, and the trade deficit.Amazon and Google parent Alphabet are set to report earnings, along with other tech companies including AI darling Palantir, and chipmaker Advanced Micro Devices.Pharmaceutical firms Novo Nordisk, Eli Lilly, Merck, Amgen, and Pfizer are also set to release results, along with entertainment giant Disney.
Earnings from tech, media, and pharmaceutical firms could be in the spotlight this week, with Google parent Alphabet (GOOG, GOOGL) and Amazon (AMZN) set to report, along with Disney (DIS) and weight-loss drugmakers Novo Nordisk (NVO) and Eli Lilly (LLY).
As the Federal Reserve watches the strength of the labor market, the January employment report is scheduled for Friday, with jobless claims and private sector payrolls also due for release this week. Several Fed officials are set to deliver remarks as well.
Monday, Feb. 3
S&P manufacturing PMI (January)
Construction spending (December)
ISM manufacturing PMI (January)
Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS)
Atlanta Fed President Raphael Bostic is scheduled to deliver remarks
Palantir (PLTR), Equity Residential (EQR), and Tyson Foods (TSN) are scheduled to report earnings
Tuesday, Feb. 4
Job openings (December)
Factory orders (December)
San Francisco Fed President Mary Daly and Atlanta Fed President Raphael Bostic are scheduled to deliver remarks
Alphabet (GOOG, GOOGL), Merck (MRK), Pepsico (PEP), Advanced Micro Devices (AMD), Amgen (AMGN), Pfizer (PFE), Spotify (SPOT), PayPal (PYPL), and Ferrari (RACE) are scheduled to report earnings
Wednesday, Feb. 5
ADP employment (January)
U.S. trade deficit (December)
S&P services PMI (January)
ISM services (January)
Chicago Fed President Austan Goolsbee is scheduled to deliver remarks
Novo Nordisk (NVO), Walt Disney (DIS), Qualcomm (QCOM), Arm Holdings (ARM), Uber Technologies (UBER), and MicroStrategy (MSTR) are scheduled to report earnings
Thursday, Feb. 6
Initial jobless claims (Week ending Feb. 1)
U.S. productivity (Q4)
San Francisco Fed President Mary Daly is scheduled to deliver remarks
Amazon (AMZN), Eli Lilly (LLY), AstraZeneca (AZN), Philip Morris International (PM), Honeywell (HON), Bristol Myers Squibb (BMY), and ConocoPhillips (COP) are scheduled to report earnings
Friday, Feb. 7
U.S. employment report (January)
Wholesale inventories (December)
Consumer sentiment – preliminary (February)
Consumer credit (December)
CBOE Global Markets (CBOE) is scheduled to report earnings
January Jobs Report Could Show Labor Market’s Strength
Friday’s scheduled release of the January jobs report could show whether the labor market continues to strengthen, after employers surprised economists by adding 256,000 jobs in December, more than analysts projected. A s