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What to Watch: Wall Street Awaits Friday’s Jobs Report

July 10, 2023
in Trade Tube
Reading Time: 2 mins read
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For the week of June 1, TheStreet kicks off the top of the month by highlighting the key earnings reports and economic data Wall Street will be watching. The notable companies releasing their latest quarterly financial results include global apparel company PVH Corp (PVH), discount retailer Dollar General Corp. (DG), casual restaurant chain Cracker Barrel Old Country Store, Inc. (CBRL), semiconductor manufacturer Ambarella Inc (AMBA), G-III Apparel Group, Ltd (GIII), Guess? Inc (GES), food products company J.M. Smucker Co (SJM), arts and crafts specialty retailer Michaels Companies Inc (MIK), and mining equipment manufacturer Joy Global Inc. (JOY). On the economic calendar, we get factory orders on Tuesday. Factory orders represent the dollar level of new orders for both durable and nondurable goods. Then, the ADP employment report is due out on Wednesday ahead of the employment situation release later in the week. The ADP national employment report is computed from a subset of ADP records that represent approximately 400,000 U.S. business clients and approximately 23 million U.S. employees working in all private industrial sectors. Thursday, we get productivity and costs figures for the first quarter of 2015. Productivity measures the growth of labor efficiency in producing the economy’s goods and services. And finally on Friday, all eyes will be on the monthly jobs report. The employment situation is a set of labor market indicators based on two separate survey. The employment situation is the primary monthly indicator of aggregate economic activity because it encompasses all major sectors of the economy. For the latest financial news and updates from Wall Street, check back on TheStreet.com throughout the week. TheStreet’s Kurumi Fukushima reports in New York.

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