Schedule for the week
Stocks were very volatile last week and market analysts are predicting a further "transitional period".
The S&P 500, Dow Jones ended last week up 0.77%, 1.34% and the Nasdaq Composite was virtually unchanged, market volatility increased.
Last week the S&P 500 had an intraday range of at least 2.25% each day. Analysts attributed the spikes to investors' emotional reaction to the Fed's "reversal" of policy from zero rates and the injection of cash into the economy through monthly bond purchases to a balance sheet reduction and rate hike, perhaps four or more times this year.
On Monday 01/31, companies such as PayPal, AMD, General Motors, Stanley Black and Decker, Manpower and others will release their reports for the fourth quarter of 2021.
Also on 01/31, Starbucks, Electronic Arts, Catalent, PulteGroup, Bio-Techne and others will publish their 2022 reports.
The presidents of the Federal Reserve Bank of San Francisco and the Kansas City Fed will speak, and the Chicago PMI and the Dallas Fed Manufacturing Index will be released.
Facebook, ExxonMobil, Mid-America Apartment Communities, Cognizant, Roper Industries, United Parcel Service (UPS) and others are expected to report for 2021 on Tuesday.
For 2022: Qualcomm, McKesson, Hologic, IDEX and others.
The Bureau of Labour Statistics will report on the number of job openings in the labour market in December.
Also released will be the January Manufacturing PMI and the Construction Spending Index (a measure of the change in total construction spending in the US).
Income and earnings reports: Meta Platform, Essex Property Trust, Humana, T-Mobile US, Spirit AeroSystems, Spotify, Qorvo and others.
Key US labour market report: Non-farm payrolls from ADP for January.
Financial reports: Merck and Company, Fortinet, Prudential Financial, Parker-Hannifin, Snap, Ford and others.
Economic data: weekly report on initial jobless claims, January service sector PMI, December non-defence durable goods orders, and more.
Financial reports: Air Products and Chemicals, RBC Bearings Incorporated, Diversey Holdings, Virtus Investment Partners, CBOE Global Markets and others.
The Bureau of Labor Statistics will release data on US non-farm employment for January, average wage and the unemployment rate.