The Week Ahead on Wall Street

Week Ahead on Wall Street

Economic Data

Today the Federal Reserve reports on consumer credit for January. This includes things like credit cards and personal loans used to purchase goods and services. Consumer credit grew overall in December, but at a slower rate than what was observed during the previous month. Personal debt grew by 5.4% in December, but the number came in at 10.7% for November.

Tomorrow, the National Federation of Independent Business releases its small-business index for February. This is a general snapshot of how things are going within the small-business sector, which accounts for around 50% of all private jobs in the US. The NFIB small business index looks at 10 seasonally adjusted factors. It decreased slightly in January by 1.8 points to 97.1, with many small businesses continuing to face struggles dealing with inflation. January’s foreign trade deficit and the revised number for January’s wholesale inventories will also be published.

Job openings for January are due on Wednesday. The US Labor Department issues this Job Openings and Labor Turnover Survey (JOLTS) every month and economists consider it an indication of labor demand. Job openings increased in December to 10.9 million, nearly matching last July’s all-time high of 11.098 million. Meanwhile, job resignations fell by 161,000 to 4.3 million, which is still considered high amid what some have called “The Great Resignation.”

Thursday, the market will be paying close attention to the latest inflation data. The consumer price index and core consumer price index are due for February. The core CPI strips out energy and food when surveying prices, while the CPI is known as the “all items” index. In January, the CPI rose 7.5% for the preceding 12 months — the fastest rate of price increase since February 1982. Core CPI rose 6% year-over-year, the largest such change since August 1982. More job market data is also set for release, as new and pre-existing unemployment claims will be published. It’s a busy day for economic data as the seasonally adjusted real domestic nonfinancial debt for the fourth quarter, seasonally adjusted real household wealth for the fourth quarter, and the Federal budget deficit for February are all set for release as well.

Friday, the University of Michigan will report March’s preliminary consumer sentiment index, as well as preliminary five-year inflation expectations for March.


Today, Canadian oil and natural gas company Vermilion Energy (VET) will share its latest earnings report. This comes as global energy prices are rising in response to Russia’s invasion of Ukraine, and the possibility of Russian oil and gas deliveries being disrupted grows. The Calgary-based company previously announced plans to reinstate its dividend this April.

Tomorrow, Dick’s Sporting Goods (DKS) will post its most recent quarterly results. The retailer’s previous four earnings reports have beat analyst estimates on the top and bottom lines. Dick’s is trying to keep pace with the onset of online shopping, and from August to October 2021 reported ecommerce sales represented around 19% of sales. That represents a 13% increase from 2019.

Wednesday, Campbell Soup Company (CPB) reports earnings. The food company is among several in the industry that saw profit margins slide last year amid supply-chain constraints. Specifically, costs are higher for vegetable oils, nuts, plastics, and other key supplies, as well as labor and transportation.

Thursday, software company Oracle (ORCL) hands in its most recent report card. Oracle just announced last week it has suspended all operations in the Russian Federation as a result of the invasion of Ukraine. In December, Oracle announced plans to acquire health IT company Cerner (CERN) — which is now being sued over claims that other potential bidders were shut out.

Friday, WeWork (WE) shares quarterly results. Its most recent earnings report marked the company’s first since going public in October 2021. WeWork’s third-quarter total revenue came in at $661 million, representing an 11% increase from the second quarter of last year.

The Week Ahead at SoFi

Tune in this week to learn how to take the fear out of networking and boost your career through effective relationship building. Plus, check out Your Next Dollar. 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

ABOUT Meg Richardson Meg Richardson is a writer specializing in markets, technology, and personal finance. She loves breaking down seemingly complex ideas and making them readable and interesting for everyone. She holds an MFA in writing from Columbia University. When she is not writing about finance, she enjoys running in Central Park and drawing cartoons.

TLS 1.2 Encrypted
Equal Housing Lender