What to watch in the markets

Last week brought a significant sense of relief to investors who were unresolved by earlier recessionary concerns. With inflation showing signs of relaxation and solid reports on retail sales and employmenttalk resurfaced about the timing of potential interest rate cuts at the Federal Reserve. As these factors influence market expectations, investors eagerly anticipate further developments.

While it may not be long before clarity emerges on the Fed’s next moves, this week promises to provide additional insights that could shape market sentiment.

Big wins to watch

Estee Lauder is scheduled to announce earnings Monday morning before the market opens. On Tuesday, TJ Maxx owner TJX Companies and Target Corporation will also release their earnings reports before the market opens. Meanwhile, Zoom Video Communications will continue with its earnings results after the market closes on Wednesday. On Thursday, Dollar Tree, BJ’s Wholesale and Burlington Stores will each report earnings, with Peloton’s report coming before the market opens on the same day.

Economic indicators to follow

Minutes from the Federal Reserve’s July Federal Open Market Committee (FOMC) meeting are scheduled to be released on Wednesday. This will provide insight into the Fed’s discussions and potential future policy actions. On Thursday, new economic data will include initial jobless claims and the existing home sales report, providing a snapshot of the labor market and housing sector. Finally, on Friday, the new home sales report will be released, providing an updated look at the state of the housing market.