Market Insider

Stocks will be put to the test in week ahead

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Why stocks could rally

With earnings season winding down, markets will turn their focus to data on the consumer and Fed speak in the week ahead.

Stocks closed out the past week with losses, and look set for another week of choppiness, as oil moves closer to its 2015 lows and the commodities crush shows no signs of abating. The Fed remains a key obsession with traders poised to react to each piece of incoming economic news for what it may mean to the Fed's upcoming interest rate decision.

Markets shifted more heavily to price in a September rate hike by the Fed after Friday's July jobs report showed solid growth of 215,000 payrolls and a steady unemployment rate of 5.3 percent. Topping the upcoming data calendar is Thursday's July retail sales.