What To Expect in the Markets This Week [Video]

After a weaker-than-expected jobs report rattled markets last week, and the manufacturing sector contracted more than anticipated last month, investors will get fresh data on the services sector, consumer credit levels, and more this week.

Pharmaceutical companies could also be in the spotlight, with earnings from Eli Lilly (LLY), Novo Nordisk (NVO), Amgen (AMGN), and Gilead Sciences (GILD). Other companies set to report include Walt Disney (DIS), Palantir Technologies (PLTR), Caterpillar (CAT), Uber Technologies (UBER), and Airbnb (ABNB).

Monday, Aug. 5

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Friday, Aug. 9

The latest services sector Purchasing Managers’ Indexes (PMIs) will be released Monday, proving an update on whether the sector continues to drive economic growth, after last week’s report on declining manufacturing PMI contributed to concerns about the economy. 

Consumer credit data coming on Wednesday will show whether the public continues to …