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Job openings, inflation data, JPMorgan earnings and Blue Origin liftoff top week ahead
US labor secretary explains what led to disappointing jobs report
Labor Secretary Marty Walsh argues the dismal jobs report was due to the Delta variant, which affected economic activity and, therefore, job growth.
The upcoming week will be jam-packed with economic data, bank earnings and another Blue Origin space milestone.
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Stocks finished lower on Friday after the September jobs report missed Wall Street estimates. The U.S. economy added 194,000 jobs, well below the 500,000 expected by economists surveyed by Refinitiv.
Oil will also be in focus as it briefly topped $80 per barrel on Friday.
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FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
It is Columbus Day and while the stock market will be open for normal trading hours, the bond market will be closed.
It will also be quiet for earnings and economic data, still, investors will hear from Federal Reserve Bank of Chicago President Charles Evans, who will deliver introductory remarks before the 2021 Lawrence R. Klein Award ceremony.
Other notable events on Monday include the deadline for most AT&T management and all Deloitte employees to be fully vaccinated. McDonald's is also expected to reopen its corporate offices on Monday after pushing back its reopening date from Sept. 7 to allow its workers to get vaccinated.
The headline report on Tuesday will be the JOLTS report, the latest data on job openings, and the National Federation of Independent Business' business optimism index.
It is also a big day for 90-year-old "Star Trek" icon William Shatner, who will blast off with Jeff Bezos' Blue Origin for the aerospace company's second suborbital spaceflight.
New Shepard's NS-18 mission will liftoff from the aerospace company's Launch Site One in West Texas at 9:30 a.m. Eastern. Joining Shatner on the spaceflight will be Blue Origin vice president of mission and flight operations Audrey Powers, former NASA engineer and Planet Labs co-founder Dr. Chris Boshuizen and Medidata co-founder and Dassault Systèmes vice chair of life sciences and healthcare Glen de Vries.