Wall Street Week: Investors Focus on PPI, CPI and Walmart Earnings

After last week’s stock market slump, Wall Street investors’ attention will be focused on inflation readings next week, as Producer Price Index (PPI) and Consumer Price Index (CPI) data are due out on Tuesday and Wednesday, respectively.

In the coming week, we will also see major economic data, including retail sales and industrial production data.

On the earnings front, retail giants like Walmart and Home Depot, as well as networking giant Cisco, will report their second-quarter results next week.

Economic events

On August 13 (Tuesday), the Producer Price Index (PPI) for July and the NFIB Optimism Index for July will be published.

On August 14 (Wednesday), data will be released on the Consumer Price Index (CPI) for July, U.S. retail sales for July, industrial production for July, the Empire State Manufacturing Survey for August, and the Philadelphia Federal Reserve Manufacturing Survey for August.

On August 16 (Friday), consumer sentiment data (preliminary) for August and housing starts for July will be published.

Profits

The following companies are scheduled to report second-quarter earnings in the coming week: Barrick Gold, monday.com Ltd, Rumble, Home Depot, Tencent Music, On Holding, UBS Group, Cardinal Health, Brinker International, Cisco, Walmart, Alibaba, Applied Materials, Deere, JD.com and Tapestry.

US markets last week

US stock indices ended Friday in the black, with the stock market recovering losses after a sharp decline at the beginning of the week.

The S&P 500 Index gained 25.11 points, or 0.47%, to 5,344.42 at 5,344.42, while the Nasdaq Composite gained 85.65 points, or 0.51%, to 16,745.67. The Dow Jones Industrial Average added 49.86 points, or 0.13%, to 39,496.35.

The yield on 10-year Treasury bonds fell to 3.94% from 3.99%.

The U.S. dollar fell to 146.64 Japanese yen from 147.23. The euro was unchanged at $1.0919.

Brent crude for October delivery gained 50 cents to $79.66 a barrel on Friday. Benchmark U.S. crude for September delivery rose 65 cents to $76.84 a barrel.

Gold for December delivery rose $10.10 to $2,473.40 an ounce. Silver for September delivery fell 2 cents to $27.59 an ounce.