Walmart is set to report its quarterly earnings amid ongoing concerns about the impact of U.S. tariffs on consumer prices and company profits. Analysts expect earnings of 74 cents per share on $176.16 billion in revenue. The retailer has warned of potential price increases due to tariffs, which have already affected some products. Despite these challenges, Walmart has shown resilience through its value proposition, faster delivery services, and growth in e-commerce, including its first profitable quarter for online sales.
The US job market is weakening, with July adding only 73,000 jobs, below expectations, and revisions for previous months showing even weaker growth. Factors like tariffs, immigration policies, and economic uncertainty are contributing to a stagnating labor market, characterized by low layoffs but also limited job movement and participation.
The upcoming U.S. jobs report is expected to show a slowdown in job creation to around 125,000 in May, down from April's 177,000, but the labor market remains resilient despite economic upheavals and tariff concerns. The unemployment rate is expected to stay steady at 4.2%, and the report could influence Federal Reserve interest rate decisions, especially if job growth slows further due to tariffs and inflation pressures.
Nvidia is set to release its Q1 earnings amid concerns over tariffs and shrinking China market share, but overall Wall Street remains optimistic despite potential guidance challenges and shipment headwinds from China, with analysts maintaining a buy rating and a target price of $160.
