On Friday, the Dow Jones Industrial Average and the S&P 500 saw new records at closing. Those benchmarks increased 0.8% and 0.9%, respectively, while the Nasdaq Composite increased 1.1%.
In the week ahead, investors will be focused on a suite of inflation reports with an eye for how they might impact the Fed’s easy monetary policy. Last week, the July jobs report reflected a sturdy gain of 943,000 new payrolls. That information, coupled with this week’s inflation data, could provide insight into when the central bank will begin easing up on its bond-buying program.
“I think the keys for the next week are going to be both [the consumer price index] and [the producer price index],” said Michael Arone, of State Street Global Advisors. “We get some inflation data for consumers and for businesses. Those will be closely watched. Jobless claims as well.”
Earnings season winds down this week, with far fewer companies reporting in the coming days. Wendy’s and eBay report on Wednesday, while Walt Disney and Airbnb share on Thursday.
What else is on the economic calendar in the week ahead?
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