Wall Street’s week ahead: After a weak jobs report, investors should remain cautious and keep a close eye on upcoming economic data

After a weak employment report sparked fears of a US economic recession last week, Wall Street investors will remain cautious and closely monitor upcoming economic data in the coming week.

A report released Friday showed the pace of U.S. hiring in July fell much more than economists expected.

Next week will see the release of reports on the U.S. services sector, monthly trade deficit data and a survey of senior credit officers at the Federal Reserve, which will provide the latest information on credit conditions.

The coming week will also see second-quarter earnings reports from major companies such as Walt Disney, Caterpillar, Tyson Foods, Gilead Sciences and Uber Technologies.

Economic events

On August 5 (Monday), two separate S&P reports will be published regarding the final PMI and ISM services indicators in the US for July.

On August 6 (Tuesday), the US trade deficit data for June will be released.

On August 7 (Wednesday) the report on consumer credit in June will be published.

Profits

The following companies are scheduled to report second-quarter earnings in the coming week — CSX Corporation, Williams Companies, Tyson Foods, Carlyle Group, Amgen, Caterpillar, Uber Technologies, Airbnb, Duke Energy, Celsius Holdings, Yum! Brands, Disney, McKesson, CVS Health, Hilton Worldwide, Shopify, Fastly, Eli Lilly, Gilead Sciences, Expedia, Take-Two Interactive, Paramount Global, Datadog, AMC Networks, and American Axle.

US markets last week

The U.S. stock market fell on Friday after weak jobs data raised fears of a recession.

The Dow Jones Industrial Average fell 610.71 points, or 1.51%, to 39,737.26, the S&P 500 lost 100.12 points, or 1.84%, to 5,346.56 and the Nasdaq Composite lost 417.98 points, or 2.43%, to 16,776.16.

On the bond market, the yield on 10-year Treasury bonds fell to 3.79% from 3.98%.

The U.S. dollar fell to 146.50 Japanese yen from 149.58. The euro rose to $1.0912 from $1.0784.

Brent crude for October delivery fell $2.71 to $76.81 a barrel on Friday. Benchmark U.S. crude for September delivery lost $2.79 to $73.52 a barrel.

Gold for December delivery fell $11 to $2,469.80 an ounce. Silver for September delivery fell 9 cents to $28.39 an ounce.