Stocks: All eyes on jobs

  @emilyjanefox July 28, 2013: 11:57 AM ET
SP week

Click the chart for more stock market data.

NEW YORK (CNNMoney)

The state of the job market will be front and center this week, but a smattering of other U.S. economic data and corporate earnings will also be in play.

A look at labor: Several key reports on the nation's employment picture are due out throughout the week, including ADP's snapshot on employee payrolls and Challenger's job cuts.

The main event comes Friday, when the labor department releases its monthly jobs report and unemployment rate.

Economists surveyed by Briefing.com are expecting the number of nonfarm payrolls to have decreased to 175,000 in July from 195,000 a month earlier, and the unemployment rate to fall to 7.5% from 7.6%.

Related: The government wants SAC Capital's billions

The numbers are likely to be scrutinized by investors even more closely than usual, coming close on the heels of signals from the Federal Reserve that it will start pulling back on stimulus measures if the economy improves. Recently, Federal Reserve chairman Ben Bernanke has said the central bank could start tapering its bond purchases by the end of the year.

Other economic news: Beyond the jobs report, investors will digest an advance estimate on second quarter gross domestic product, which is due out Wednesday, as is the Federal Open Market Committee's decision on interest rates.

Auto sales, consumer confidence, the Case-Shiller 20 city index, pending home sales, and personal income and spending are also on tap.

Starbucks reports best quarter ever

More earnings: A few major companies are also set to report earnings this week, including Herbalife (HLF), Sprint (JZK) and Exxon Mobil. (XOM, Fortune 500)

Last week, the Dow Jones Industrial Average and the Nasdaq ended higher, while the S&P 500 was little changed. To top of page



Join the Conversation
Markets
Sponsored by
Index Last Change % Change
Dow 16,408.54 -16.31 -0.10%
Nasdaq 4,095.52 9.29 0.23%
S&P 500 1,864.85 2.54 0.14%
Treasuries 2.72 0.08 3.19%
Data as of 1:40pm ET
Company Price Change % Change
Bank of America Corp... 16.15 0.00 0.00%
Facebook Inc 58.94 0.00 0.00%
General Electric Co 26.56 0.00 0.00%
Cisco Systems Inc 23.19 -0.02 -0.09%
Micron Technology In... 23.91 0.00 0.00%
Data as of Apr 17
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.36%4.24%
15 yr fixed3.39%3.26%
5/1 ARM3.36%3.27%
30 yr refi4.34%4.22%
15 yr refi3.38%3.24%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.