What to Expect in Markets This Week: January Jobs Report, Inflation and Retail Sales Data; Earnings From Cisco, Coca-Cola, McDonald’s
A trifecta of key economic releases and earnings from several noteworthy firms will be of interest to market watchers this week.
Investors will watch for delayed January jobs data, consumer inflation and retail sales reports in the coming days. The employment and CPI reports. were delayed by a brief government shutdown last week; retail sales data for December was pushed back as a result of the 2025 government shutdown.
Traders will also be watching for earnings from Cisco, an artificial intelligence infrastructure provider, along with reports from other tech and pharmaceutical firms. Updates from consumer stocks like Coca-Cola, McDonald’s, Ford Motor and T-Mobile are also due this week.
The wait for January jobs data is expected to end Wednesday with the release of the monthly Bureau of Labor Statistics employment report. Initially scheduled for release last week, the report was pushed back when the Labor Department was impacted by a brief government shutdown. U.S. employers added fewer jobs than expected in December, even as the unemployment rate ticked lower.
The January CPI inflation report, meanwhile, is due Friday. Inflation remained steady in December, while the more-focused “core” inflation reading came in lower than expectations. Fed officials have indicated that they were waiting to see more improvement in inflation data before lowering rates further.
Market watchers will also look to see if U.S. consumers kept up their spending streak in the holiday shopping season with the Tuesday release of the December retail sales report.
Computer networking giant Cisco reports earnings on Wednesday, which could provide clues about artificial intelligence (AI) demand. CEO Chuck Robbins said last year that the company was seeing “massive opportunity ahead” for AI infrastructure sales. Other tech firms delivering financial results this week include semiconductor maker Onsemi, microchip equipment manufacturer Applied Materials, and networking equipment provider Arista Networks.
Several consumer stocks are also on the earnings calendar. Coca-Cola recently posted better-than-expected profits, and its shares are around all-time highs. McDonald’s report could shed more light on its customer base as more wealthy eaters have been frequenting the chain. Earnings from soap maker Unilever and online e-commerce platform Shopify will add to the picture on consumer health.
Reports from Ford, Honda, and Ferrari will shine a light on auto sales levels, while financial updates from Marriott and Airbnb will offer insight into travel demand. Investors will also be watching pharmaceutical firms this week, as AstraZeneca, Moderna, and Vertex Pharmaceuticals are reporting.
Trading platforms Robinhood and Coinbase Global are also in the spotlight amid a recent decline in bitcoin and other cryptocurrencies.
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Monday, Feb. 9
Federal Reserve Officials Speaking: Gov. Stephen Miran, Gov. Christopher Waller, Atlanta Fed President Raphael Bostic
Key Earnings: Apollo Global Management (APO), Onsemi (ON), Loews (L), Principal Financial (PFG)
Tuesday, Feb. 10
U.S. retail sales (December)
More Data to Watch: NFIB small business optimism index (December), Employment cost index (Q4), Import price index (December), Business inventories (November)
Federal Reserve Officials Speaking: Cleveland Fed President Beth Hammack
Key Earnings: Coca-Cola (KO), AstraZeneca (AZN), Gilead Sciences (GILD), BP (BP), CVS Health (CVS), Spotify Technology (SPOT), Duke Energy (DUK), Marriott (MAR), Ferrari (RACE), Ecolab (ECL), Robinhood (HOOD), Cloudflare (NET), Ford Motor (F), Honda Motor (HMC), Barclays (BCS)
Wednesday, Feb. 11
U.S. employment report (January)
Federal Reserve Officials Speaking: Vice Chair for Supervision Michelle Bowman
More Data to Watch: Monthly U.S. federal budget (January)
Key Earnings: Cisco (CSCO), McDonald’s (MCD), T-Mobile (TMUS), AppLovin (APP), Shopify (SHOP)
Thursday, Feb. 12
Existing-home sales (January)
Federal Reserve Officials Speaking: Gov. Stephen Miran
More Data to Watch: Initial jobless claims (Week ending Feb. 7)
Key Earnings: Applied Materials (AMAT), Arista Networks (ANET), Unilever (UL), Vertex Pharmaceuticals (VRTX), Brookfield (BN), Airbnb (ABNB), Coinbase Global (COIN)
Friday, Feb. 13
Consumer price index (CPI) (January)
Key Earnings: Enbridge (ENB), Moderna (MRNA)
New legislation this year will let taxpayers deduct part of the interest they pay on some car purchases. Investopedia’s Elizabeth Guevara has more on what it takes to qualify.
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