Rob Luna, general manager of Surevest, chief semi-analyst Dylan Patel and University of Maryland economist Peter Morici provide information on the stock market and economics on “Making Money with Charles Payne”.
Investors will have a break on Monday, as the New York Stock Exchange will be closed in observation of the July 4 holiday. While next week will be light for earnings, Wall Street will focus on the latest data related to jobs and consumers.
On Friday, the shares bounced back between losses and gains, finally closing higher across the board with a momentum that regained momentum in the last hour of trading. The Dow Jones Industrial Average rose 321.83 points, or 1.05%, to 31,097.26. Meanwhile, the S&P 500 and Nasdaq rose 1.04% and 0.9%, respectively.
Ticker Security Last Change% I: DJI DOW JONES AVERAGES 31097.26 + 321.83 + 1.05% SP500 S&P 500 3825.33 +39.95 + 1.06% I: COMP NASDAQ COMPOSITE INDEX 11127.849123 + 0.945.12%
FOX Business takes a look at upcoming events that are likely to move financial markets in the coming days.
Tuesday 7/5
The start of the week of economic data will be durable goods and factory orders. In addition, private investment firm Allen & Company will hold its annual Sun Valley conference.
SECURITIES MARKET NEWS: DOW, S&P, NASDAQ GAIN, AIRLINES OFFER TRAVEL CHAOS ON JULY 4
Ticker Security Last Change Change% TSLA TESLA INC. 681.79 +8.37 + 1.24% MSFT MICROSOFT CORP. 259.58 +2.75 + 1.07% AAPL APPLE INC. 138.93 +2.21 + 1.62% META META PLATFORMS INC. -% -1602. BERKSHIRE HATHAWAY INC. 415,850.00 +6,900.00 + 1.69% GOOGL ALPHABET INC. 2,174.75 -4.51 -0.21% CMCSA COMCAST CORP. 40.29 +1.05 + 2.68% FOR. THE WALT DISNEY CO. 96.14 +1.74 + 1.84%
According to Variety, this year’s guests will include Tesla CEO Elon Musk, Microsoft co-founder Bill Gates, Apple CEO Tim Cook, Meta CEO Mark Zuckerberg, Berkshire Hathaway president and CEO, Warren Buffett, Alphabet CEO Sundar Pichai, Comcast President Brian Roberts, Paramount. Global non-executive chairman Shari Redstone, Netflix co-founders Reed Hastings and Ted Sarandos and Disney CEO Bob Chapek.
Ticker Security Last Change Change% COST COSTCO WHOLESALE CORP. 485.76 +6.48 + 1.35%
Tuesday also marks the start of Costco’s new requirement that New Jersey customers must have a subscription to purchase gasoline.
THE CONSUMER’S IMPULSE TO FOLLOW “FORWARD” WILL BE APPROVED “ENOUGH DIFFICULT”: DIRECTOR OF THE ECONOMIC COUNCIL OF FMR
Wednesday 7/6
Wednesday’s economic activity will include Fed acts, the JOLTS report, the ISM’s non-manufacturing PMI, and weekly mortgage applications.
The President of the Federal Reserve Bank of New York, John Williams, makes the opening and closing statements before the New York Fed Web Series on Culture: “Changing Rules? The Intersection of Technology and Culture to Financial Services “organized by the Federal Reserve Bank of New York.
Immigration rights activists hold a rally in front of the U.S. Supreme Court in Washington, DC, on November 12, 2019, while the Court hears arguments over the end of the DACA (Deferred Action for Arrivals in Children) program of the Obama era. (Photo by SAUL LOEB / AFP via Getty Images / Getty Images)
The Fifth Circuit Court of Appeals will also hold a hearing on the Biden administration’s offer to overturn a blockade on new DACA applicants.
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Thursday, 7/7
On Thursday, Levi Strauss and WD-40 will take the focus of the gains after the bell.
Ticker Security Last Change Change% LEVI LEVI STRAUSS & CO. 16.01 -0.31 -1.90% WDFC WD-40 CO. 199.78 -1.58 -0.78%
In terms of economic data, investors will digest the foreign trade balance, the latest initial and ongoing unemployment claims, and the Energy Information Administration’s weekly crude stocks.
The Fed Chairman of St. Louis, James Bullard, will also make a presentation on U.S. economics and monetary policy ahead of the Little Rock Regional House hybrid Rock Power Up lunch.
Friday 8/7
To end the week with economic data, there will be the June employment report, wholesale inventories and sales and consumer credit.
New York Fed Chairman John Williams will also speak and participate in a discussion on monetary policy, the U.S. and Puerto Rico economic outlook, and economic trends ahead of the event hosted by the University of Mayagüez campus. Puerto Rico.