The August jobs report and earnings from companies including Salesforce and Broadcom are among the top events set for a trading week shortened by the Labor Day holiday.
Federal Reserve officials are eyeing the labor market ahead of next month’s Fed meeting, at which investors increasingly expect rate cuts. Broadcom’s earnings are the latest to put focus on the artificial intelligence marketplace, coming after Nvidia’s report last week. Salesforce is also expected to focus on AI offerings.
Stocks rose in August, extending a run of upbeat months, though Friday’s session marked a retreat from recent highs. And Friday was notable for a couple of other reasons: a federal appeals court ruling that looks set to hand debate over elements of President Donald Trump’s tariff strategy to the Supreme Court, and the delay of a separate ruling on Trump’s authority to fire Fed governor Lisa Cook.
Read to the bottom for our calendar of key events—and one more thing.Â
Jobs Data Set to Land as Fed Eyes Rate Cuts
Friday’s release of the August employment report comes after prior months’ data revealed that the labor market may be weakening. While employers added jobs in July, revisions to the results from earlier months showed that job creation was weaker than previously reported. The report is the first after the July revisions were followed by the dismissal of the head of the government department issuing the data.
Federal Chair Jerome Powell cited the weakness in the labor market as he opened the door to interest rate cuts at the central bank’s September meeting. Other Federal Reserve officials are scheduled to speak this week, potentially offering more insight into the Fed’s next moves. Last week brought fresh inflation data.
Look for additional labor market data earlier in the holiday-shortened week, while trade balance and factory orders data is also on tap.Â
Broadcom, Salesforce Earnings Keep Focus on AI
A chipmaker will once again highlight this week’s corporate earnings calendar, coming after last week’s update from Nvidia (NVDA).Â
Broadcom’s (AVGO) report on Thursday will highlight the growth of another U.S. chipmaker, coming after it recently posted record quarterly revenue on strong sales of its AI semiconductors. Salesforce’s (CRM) report on Wednesday will also key on AI, as the cloud software giant has raised its sales forecast after making acquisitions to help improve its AI offerings.Â
Design software maker Figma’s (FIG) report on Wednesday follows its recent initial public offering where its value soared as investors piled into the Adobe (ADBE) competitor. Another noteworthy report will come Tuesday from Nio (NIO), a Chinese Tesla (TSLA) competitor that recently released a new SUV to challenge the Model Y L.
Quick Links: Recap Last Week’s Trading | Read Investopedia’s Latest News
The Week Ahead: Key Events
Monday, Sept. 1
Tuesday, Sept. 2
Construction spending (July)
More Data to Watch: ISM manufacturing PMI (August) S&P U.S. manufacturing PMI (August)
Key Earnings: Zscaler (ZS), NIO, HealthEquity (HQY), Signet Jewelers (SIG), Academy Sports and Outdoors (ASO)
Wednesday, Sept. 3
Job openings (July)
Federal Reserve Officials Speaking: St. Louis Fed President Alberto Musalem
More Data to Watch: Factory orders (July), Federal Reserve Beige Book
Key Earnings: Salesforce, Figma, Hewlett Packard Enterprises (HPE), Dollar Tree (DLTR), Campbell’s (CPB), C3.ai (AI)
Thursday, Sept. 4
ADP employment (August)
Fed Officials Speaking: New York Fed President John Williams, Chicago Fed President Austan Goolsbee
More Data to Watch: Initial jobless claims (Week ending Aug. 30), U.S. productivity (Q2), U.S. trade deficit (July), S&P final U.S. services PMI (August), ISM services PMI (August)
Key Earnings: Broadcom, Lululemon (LULU), Samsara (IOT), Guidewire Software (GWRE), DocuSign (DOCU), Ciena (CIEN), ServiceTitan (TTAN), Toro (TTC)
Friday, Sept. 5
U.S. employment report (August)
Key Earnings: ABM Industries (ABM)
One More Thing
The SEC is considering new rules that could speed the approval of new crypto ETFs, and a number of companies have filed applications for new products ahead of that possibility. Investopedia’s Crystal Kim looked at what’s going on and what it means in this story.
