Summary of US Stocks Face Jobs Data and a Blockbuster Earnings Week as SpaceX Makes Its Post-IPO Debut
Date: August 2, 2026
Overview
Global markets are poised for a critical week, highlighted by the release of US employment data, purchasing managers’ indexes, and quarterly earnings from major companies. Key reports include the July nonfarm payrolls, ADP private-sector employment figures, and ISM business surveys, which will provide insights into the US economy's strength and the potential for a Federal Reserve rate increase in September.
Key Economic Indicators
July Jobs Report
The US Bureau of Labor Statistics will release the July employment report on August 7, detailing nonfarm payroll growth, unemployment rates, labor-force participation, and average hourly earnings. Most forecasts predict payroll growth between 85,000 to 100,000 jobs, with the unemployment rate expected to remain around 4.2% to 4.3%. The report's outcomes could influence Federal Reserve rate decisions, particularly if employment and wage growth exceed expectations.
ADP Employment and ISM Surveys
Before the jobs report, the July ADP private-sector employment figures will be released on August 5, following a June increase of 98,000 jobs. The ISM will publish its Manufacturing PMI on August 3 and Services PMI on August 5, which will be critical in assessing economic resilience and inflationary pressures.
Major Earnings Reports
Palantir, AMD, and Sandisk
Palantir is expected to report approximately $1.81 billion in revenue, with a focus on its AI platform and government contracts. AMD anticipates quarterly revenue of around $11.2 billion, with attention on its data-center segment. Sandisk will provide insights into NAND flash pricing and demand for AI infrastructure.
SpaceX's Post-IPO Earnings
SpaceX will release its second-quarter results on August 4, marking its first earnings report since going public. Investors will scrutinize Starlink subscriber numbers, revenue, and updates on the Starship program, especially after significant capital expenditures in AI infrastructure.
Caterpillar, Disney, Uber, and Eli Lilly
Caterpillar's earnings will reflect global industrial demand, while Disney will focus on streaming profitability and theme-park attendance. Uber will discuss its growth metrics and autonomous-driving partnerships, and Eli Lilly will report on its diabetes and obesity drug sales amidst increasing competition.
Datadog and Lyft
Datadog's results will provide insights into enterprise cloud spending and AI workloads, while Lyft's performance will be compared to Uber's, focusing on rider demand and profitability strategies.
Conclusion
This week is pivotal for investors as they assess economic indicators and corporate earnings that could shape market expectations and future monetary policy. The outcomes of these reports will be closely monitored for their implications on economic growth and inflation.