economy
Retail earnings next week could shed light on the health of consumer spending. Here's what's ahead
Next week brings financial reports from some of the country's largest retailers, including bellwether Walmart.
TL;DR
- Retail earnings reports from Walmart, Target, Home Depot, Lowe's, and TJX are scheduled for next week.
- These reports may indicate the health of consumer spending amidst signs of a weakening economy, including inflation and high gas prices.
- Consumer discretionary stocks, which rely on consumer spending, are among the few S&P 500 sectors down this year.
- Recent data showed a drop in consumer spending and job losses in July.
- Analysts are looking for evidence of a 'K-shaped economy,' with higher-income consumers faring better than lower-income households.
- Walmart's performance will be closely tracked for broader consumer insights.
- Despite economic concerns, the stock market, including the S&P 500 and Russell 2000, has recently reached all-time highs.