With positive developments on the vaccine front giving fresh hopes of markets reopening, major stock indexes continued their rally this week. After a short-lived withdrawal, the Dow Jones Industrial Average bounced back and crossed the 30,000-mark once again. The S&P 500 closed at an all-time high of 3,722.48.
Meanwhile, continuing the COVID-induced volatility, jobless claims increased to a three-month high of 885,000 last week, contrary to expectations for a decline. The recent trend indicates it might take longer than expected for the economy to get back on track, given the resurgence of coronavirus infections and new round of restrictions.
Accenture and Rite Aid were among the last to publish earnings this season – both released financial reports on Thursday. They were joined by grocery store chain General Mills before the opening bell. Freight Company FedEx published second-quarter numbers Thursday after the bell.
With the market shifting to holiday mood, only a few companies are left for reporting earning. Used car retailer CarMax will be unveiling its third-quarter numbers on Tuesday before the opening bell. A day later, Paychex, Inc. is scheduled to publish third-quarter results.
Key Earnings to Watch
Wednesday: Paychex Inc.
Key Investor Days/AGMs to Watch
Key US Economic Events
The following are notable companies which have reported their earnings last week. In case if you have missed to catch up on their performance, click the respective links to skim through the transcripts to glean more insights.
If you want to listen to how management responds to analyst questions and the tone they use, you can head over to our YouTube channel to listen to conference calls on the go.
Labor market conditions improved once again and jobless claims dropped to about 400,000 after rising last week, as economic activity picked up. Stocks rallied in the action-packed week and benchmark
In the first half of 2021, a record number of private companies entered stock markets in the US, marking a multifold increase from the same period of 2021. The IPO
Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results