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Walmart, Home Depot earnings, Fed minutes and Tesla top week ahead
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Retail earnings will dominate the week with heavy hitters including Walmart and Home Depot.
Investors will also closely monitor the minutes from the Federal Reserve's Open Market Committee Meeting (FOMC) from July and it will be a big week for Tesla and Robinhood.
DOW, S&P 500 CLOSEOUT WEEK WITH NEW RECORDS
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NASDAQ COMPOSITE INDEX
This as the S&P 500 and the Dow Jones Industrial Average sit at fresh all-time highs.
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Tencent Music Entertainment and Roblox Corp. will kick off earnings. As for economic data, investors will be watching the New York Fed's manufacturing index.
TENCENT HOLDINGS LTD.
WALMART'S $1B BACK-TO-SCHOOL PAYOFF
It will also be a big day for Walmart as the largest U.S. private employer begins paying for its employees' college tuition and books as part of a nearly $1 billion investment over the next five years. On Monday, the Arkansas-based retailer will drop its $1 a day fee for Walmart and Sam's Club associates who are part of the company's Live Better U (LBU) education program.
Overall, the program will help 1.5 million associates earn a college degree or trade skill without facing that burden, Walmart said. To date, more than 52,000 associates have participated in the program since it launched. About 8,000 have already graduated.
On Tuesday, retail will dominate earnings as Walmart, Home Depot, and Krispy Kreme are all on the docket.
THE HOME DEPOT, INC.
Investors will also take in a slew of economic data including retail sales, industrial production, capacity utilization, business inventories and the NAHB's home builders index.