Home » Markets » Virgin Galactic, CPI, JPMorgan, Wells Fargo earnings lead week ahead
Virgin Galactic, CPI, JPMorgan, Wells Fargo earnings lead week ahead
Fed: Actual rise in inflation larger than expected
Former Dallas Fed Danielle DiMartino Booth and The Americas at Natixis Chief Economist Joseph Lavorgna discuss the newly released Fed minutes and inflation fears.
Inflation will remain in focus this week with investors set to listen closely to comments from New York Federal Reserve Bank President John Williams on Monday, as well as key inflationary data throughout the week, such as the core CPI.
The big banks will also kick off the earnings season and space stocks may be active after Richard Branson's historic suborbital spaceflight.
DOW JONES AVERAGES
This as the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite will all begin the week at record highs.
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Investors will get the first chance to react to Virgin Galactic's successful Unity 22 test mission as Richard Branson blasted into space.
The stock and other space exchange-traded funds will likely be active.
His historic mission drew praise from fellow billionaires including Blue Origin founder Jeff Bezos who is set to follow at the end of the month.
HOW DID RICHARD BRANSON MAKE HIS FORTUNE?
VIRGIN GALACTIC HOLDINGS INC.
PROCURE ETF TRUST II PROCURE SPACE ETF
ARK ETF TR SPACE EXPLORATION & INNOVAT
China's Didi, under fire from Chinese regulators, will also take the spotlight as it is slated to be added to S&P Dow Jones' global equity indexes.
DIDI GLOBAL INC
Federal Reserve Bank of New York President John Williams will also deliver a keynote before the "Inflation: Dynamics, Expectations and Targeting" virtual event organized by the Bank of Israel and Center for Economic and Policy Research.
It will also be a big day for Google and Morgan Stanley as they begin to welcome back more employees joining Wall Street firms JPMorgan and Goldman Sachs who have already ripped off the band-aid.
FORD MOTOR CO.
Ford will also continue temporary shutdowns of several of its plants due to an ongoing chip shortage, which caused the automaker's overall sales in June to drop 26.9% year-over-year.