Stock markets on Wall Street over the coming week will be driven by several important earnings reports and economic events, including U.S. trade deficit data and consumer credit reports.
Major earnings reports scheduled for next week include PepsiCo, McDonald's, Caterpillar, Alibaba and Philip Morris.
major economic events
On February 5th, the final S&P US Service PMI and ISM Service reports for January will be released.
On February 7th, December US trade deficit statistics and January consumer credit reports will be released.
The CPI seasonal factor revision report will be released on February 9th.
revenue
The following companies are scheduled to report quarterly earnings next week – McDonald's, Caterpillar, Vertex Pharmaceuticals, Tyson Foods, NXP Semiconductors, Estée Lauder, Eli Lilly, Toyota Motor Corporation, Centene, Amgen, Ford Motor Co., BP and Alibaba. , CVS Health, Fox Corporation, McKesson, Disney, Uber Technologies, PayPal, ConocoPhillips, Philip Morris, Duke Energy, Expedia, Take-Two Interactive, Pinterest, Kenvue, PepsiCo, Newell Brands, and AMC Networks.
US stocks last week
U.S. stocks ended sharply higher on Friday following strong earnings results and a solid January jobs report.
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The S&P 500 rose 1.07% to close at 4,958.61 points. The Nasdaq rose 1.74% to 15,628.95 points, and the Dow Jones Industrial Average rose 0.35% to 38,654.42 points.
The yield on the 10-year U.S. Treasury rose sharply after the release of the jobs report, rising to 4.02% from 3.88% on Thursday.
The dollar rose to 148.33 yen from 146.28 yen. The euro fell from $1.0872 to $1.0792.
The U.S. crude oil benchmark for March delivery fell $1.54 on Friday to $72.28 per barrel. Brent crude oil for April delivery fell $1.37 to $77.33 per barrel.
Gold for April delivery fell $17.40 to $2,053.70 an ounce. Silver for March delivery fell 44 cents to $22.80 an ounce.
In overseas markets, stock prices were mixed in Asia and Europe.
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