Last week ended with the release of a lackluster August jobs report and, in accordance with the data being presented, the markets responded in the negative.
After a long holiday weekend in the United States, the markets open in the RED with many traders hoping for a shift in the remaining days of this short week.
Join us today as we review the major events of the upcoming week and how they could impact the markets – and your investments – before Friday’s closing bell…
Bad News for Some Americans…
The week starts off with some bad news from the U.S. Labor Department as an expected 7.5 million Americans are expected to lose their pandemic unemployment benefits.
According to Labor Department officials, 340,000 Americans filed for first-time jobless benefits at the end of August… A significant decrease since the early days of the pandemic.
Earnings Reports
This week will see the release of earnings data from some big industry names including: Gamestop, Kroger, Dave & Busters and Lululemon!
All these stocks, however, head into the new week in the RED after Friday’s disappointing announcement on the August jobs report. Wall Street traders hope this week’s earnings reports will present some good news that could potentially create a solid foundation for these tickers to build upon in the coming days.
U.S. Talks with Mexico
In D.C., officials from the United States and Mexico are expected to hold a conference to discuss the economic well-being of both nations. This will be the first talk of this type since the early days of the Trump administration, and many are eager to see what changes (if any) the new administration could work to implement during this session.
According to White House officials, the meeting will cover a wide range of topics including the recovery from the COVID-19 pandemic, building climate resilience, addressing the root causes of migration and national cooperation on security.
According to officials, the HLED meeting — established in 2013 — works to “advance strategic economic and commercial priorities for both countries, with the shared goal of fostering economic development and growth, job creation, global competitiveness and reduction of poverty and inequality.”
Learn More Here…
As you can see, despite a short week in the U.S. markets, there’s certainly enough going on during the days ahead to keep all of us busy.
If you’re interested in learning more about this week’s markets and how you could play them to your advantage, we invite you to join DTI founder and head trader Tom Busby below for his latest broadcast.
P.S. – CLICK HERE NOW to discover how one simple trade on one legendary stock has the power to turn one low investment into a potential fortune in as few as 10 days!