Wall Street Eyes Corporate Earnings and Jobs Reports Amid Inflation Concerns

Corporate earnings and jobs reports are key updates for Wall Street this week. The latest batch of profit updates from big U.S. companies, including Clorox, Marriott International, SpaceX, and McDonald’s, could help give investors a clearer picture of how households are spending money amid high inflation. The companies' results will be closely watched for any signs of profit growth, which has been strong so far this year.

The U.S. will release its report on job openings for June on Tuesday, followed by the monthly employment report for July on Friday. Employment is one of the stronger areas of the U.S. economy, but job growth has been slowing amid concerns about inflation hurting households and businesses.