DraftKings, Jobs Report, Unemployment Rate: 3 Things to Watch By
2022-08-05 07:55:03
more 
384
DraftKings, Jobs Report, Unemployment Rate: 3 Things to Watch

By Liz Moyer

Investing -- Stocks paused on Thursday ahead of the July jobs report, due out early Friday morning.

Earlier in the day, the Bank of England raised its own interest rates by a half-point, which it hasn't done for 27 years. The jobs report on Friday in the U.S. is expected to show slower growth than in June, but an unemployment rate that has remained steady since the April report, at 3.6%. Strong employment trends are encouraging signs for central bankers, and something the Federal Reserve is closely watching as it moves into its next meeting in September.

Analysts in recent days have been weighing the odds that the Fed will start to ease off the aggressive 0.75-point hikes it has made in June and July, though high-profile officials from the Fed have been making comments in recent days that appeared to try and throw cold water on that notion.

Corporate earnings continue to pour out, and the next big group investors are anticipating are retailers, especially for what they say about consumer spending heading into the back-to-school shopping season, and ultimately the holiday season in a few months.

Here are three things that could affect markets tomorrow:

1. DraftKings earnings

DraftKings Inc (NASDAQ:DKNG) is expected to report a per-share loss of 76 cents on revenue of $435 million. Massachusetts lawmakers recently approved sports betting in that state, making it just the latest state to expand the business.

2. Jobs report for July

The much-anticipated jobs report for July will be released at 8:30 AM ET. Analysts expect nonfarm payrolls to gain 250,000, which would be down from 372,000 in June.

3. Unemployment rate

The unemployment rate comes out at the same time, and analysts expect it to come in again at 3.6%, which is a four-month streak.

Statement:
The content of this article does not represent the views of fxgecko website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!

Related News

您正在访问的是FxGecko网站。 FxGecko互联网及其移动端产品是中国香港特别行政区成立的Hitorank Co.,LIMITED旗下运营和管理的一款面向全球发行的企业资讯査询工具。

您的IP为 中国大陆地区,抱歉的通知您,不能为您提供查询服务,还请谅解。请遵守当地地法律。