Markets Ready for Jobs Data and Earnings Reports This Week
US markets face a data- and earnings-heavy week: Palantir (PLTR) reports August 3, AMD reports August 4 alongside SpaceX's (SPCX) first public earnings report, and the July jobs report lands August 7. Investors are looking for fresh direction from both the labor market and a run of high-profile corporate results.
US stock indexes are bracing for a data- and earnings-heavy week, with a key jobs report and a slate of high-profile corporate results due in quick succession. Investors are looking for fresh direction after a choppy stretch, weighing what the labor market and Q2 results together say about the economy heading into the back half of 2026.
On the corporate side, PLTR opens the week with its Q2 2026 report on August 3 after the close, with analysts including Oppenheimer's Martin Yang carrying price targets implying roughly 60% upside from current levels. AMD follows a day later on August 4, also after the close, with Wall Street looking for adjusted EPS near $1.61 on revenue around $11.3 billion. The same day, SPCX is scheduled to release its first quarterly report as a newly public company, a release that also sets up a lock-up expiration on August 6 that could make close to $99 billion in shares eligible for sale.
On the macro side, the Bureau of Labor Statistics is due to publish the July jobs report on Friday, August 7 at 8:30 a.m. ET. The reading will be one of the last major data points the Federal Reserve sees before its September meeting, and traders are watching payroll growth and the unemployment rate for signs of whether the labor market is cooling in an orderly way or losing momentum faster than expected.
What to watch: whether Palantir and AMD's results validate the AI-infrastructure spending story that has driven much of 2026's rally, and whether the jobs report reinforces or undercuts current rate-cut expectations heading into the fall.
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