Market watchers will have a data- and earnings-heavy Thursday as investors parse inflation signals and company results. The July Producer Price Index is due, with economists expecting a modest uptick from June.
In the morning, Deere & Company, JD.com, Tapestry, and Birkenstock are slated to report quarterly results, while Applied Materials is set to unveil its third-quarter figures in the afternoon with expectations for sales growth. Also on the morning calendar are initial jobless claims for the week ending Aug. 9, with economists calling for a slight decline from the prior week.
These readings will help set the tone for trading as investors weigh inflation pressures, corporate outlooks, and labor-market momentum ahead of more data later in the week. For deeper analysis and insights on the latest market action, Market Domination Overtime will continue to break down the moves as they unfold.
What to watch:
– The PPI reading for July to gauge inflation at the producer level and its implications for consumer prices and policy expectations.
– Corporate results from Deere, JD.com, Tapestry, Birkenstock in the morning, followed by Applied Materials in the afternoon to gauge demand across manufacturing and consumer sectors.
– The weekly jobless claims data for Aug. 9 to assess labor-market health and its influence on household spending.
Overall, a mixed slate of inflation data, earnings, and labor-market signals could keep markets data-driven and potentially set a constructive tone if results align with or beat expectations. The day offers a chance to gauge resilience across sectors as investors await further inflation updates and corporate commentary.
Summary: Thursday’s calendar centers on inflation data, major earnings reports, and weekly jobless claims, offering a read on producer prices, consumer-facing demand, and labor-market strength to guide near-term market sentiment. Positive momentum could emerge if the data and earnings show steadiness or improvements.