The Week Ahead on Wall Street

The Week Ahead on Wall Street

Economic Data

3-year inflation expectations for June are due today. In May, the figure came in at 3.9%. Over the next 12 months, however, the outlook for price increases jumped to 6.6%, tying March for the highest rate on record.

The NFIB small-business index for June will be published tomorrow. Small business confidence fell in May largely due to inflation as well as a tight labor market that’s driving up wages.

Speaking of inflation, the June CPI, or Consumer Price Index, is due Wednesday. In May inflation rose 8.6% year-over-year, the largest increase since December 1981. Core inflation, which strips out food and energy, jumped 6% during the last reading and was also higher than expected. The Beige Book and Federal Budget will be released in the afternoon.

On Thursday, the June Producer Price Index (PPI) will be published, outlining price increases from the perspective of manufacturers. Wholesale prices rose 10.8% in May on an annual basis and 0.8% on a monthly basis. Initial and continuing jobless claims will also be released.

Friday wraps things up with retail sales for June and the preliminary University of Michigan consumer sentiment index for July. Combined, the two data points will paint a picture of how American consumers are feeling in the face of record inflation and a tight labor market. The Empire State Manufacturing Survey for July, industrial production index for June, and business inventories for May will also be published.


PriceSmart (PSMT), a company that owns and operates membership shopping warehouse clubs in Latin America and the Caribbean, reports earnings today. Sales topped $1 billion for the first time during the past quarter so investors will be curious to see if the company was able to maintain that momentum.

PepsiCo (PEP) earnings will be announced tomorrow. The multinational food and drink conglomerate generated more than $79 billion in net revenue last year. With that said, Wall Street will be watching the company closely to see how it is navigating global price increases.

Delta Air Lines (DAL) reports earnings Wednesday. Investors are looking to see how Delta and other major carriers are navigating labor shortages, including a lack of pilots. Analysts will study the results in an attempt to learn more about demand for the airline industry as a whole. Over the July 4th weekend Delta offered some passengers $10,000 each to get off an oversold flight.

JPMorgan Chase & Co. (JPM) hands in its latest report card on Thursday. Fears of a recession have weighed on bank stocks as Wall Street worries about companies tied to broad economic growth. Investors will want to know more about how executives at the world’s largest bank by assets view the outlook for the second half of the year.

BlackRock (BLK) will wrap up the week, reporting earnings on Friday. The company has seen increased inflows for its green exchange-traded funds that focus on ESG products. Along with the other banks that are slated to report this week, analysts will be asking Blackrock executives about their perspective on a potential economic downturn.

The Week Ahead at SoFi

Did Queen Bey inspire you to rethink your job? Join this week’s Your Next Dollar to learn about what to do before you say “job, bye.” Save your seat in the SoFi app!


Things are changing daily within the financial world. Sign up for the SoFi Daily Newsletter to get the latest news updates in your inbox every weekday.

Sign up

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Adviser
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.

All your finances.
All in one app.

SoFi QR code, Download now, scan this with your phone’s camera

All your finances.
All in one app.

App Store rating

SoFi iOS App, Download on the App Store SoFi Android App, Get it on Google Play

James Flippin ABOUT James Flippin James Flippin is the son of a financial advisor who grew up hearing and learning about bond yields, interest rates, the stock market, and the ins and outs of Wall Street. After stints as a licensing and business broker for Marcus and Millichap in New York City, James moved into broadcasting and became a reporter and anchor. He covered crime, politics, finance, and tech at NBC News Radio while working part-time as a producer for SiriusXM. James graduated from the University of Delaware with a bachelor’s degree in political science and economics. He's also an accomplished podcaster with over 10-years of experience.

TLS 1.2 Encrypted
Equal Housing Lender