Wall Street Eyes Earnings Reports and Jobs Data Amid Inflation Worries

Wall Street will be focused on earnings reports from major U.S. companies and key economic updates, including the monthly jobs report, this week.

The latest batch of profit updates and forecasts could provide investors with a clearer picture of how households are spending money amid stubbornly high inflation.

Clorox and Marriott International will release their earnings on Monday, followed by SpaceX's results on Tuesday. McDonald's and Expedia Group will also report their earnings on Tuesday and Wednesday, respectively.

The jobs market in the U.S. will be a key focus for investors and policymakers, with the monthly employment report set to be released on Friday. The report is expected to provide insight into the strength of the labor market and any potential impacts on interest rates.