Top Stories
Top Stories
Market Insider

Week ahead: Time to get back to business and give that jobs report a 'rethink'

Getty Images

With not much on the calendar, market focus in the week ahead will move to things like the price of oil, a few economic reports and whatever the winds blow in from overseas.

August's jobs report Friday was a disappointment with 151,000 nonfarm payrolls, 30,000 fewer than expected, and many traders took it as a sign the Fed won't be hiking rates this month. That was an immediate positive for stocks, which ended the week slightly higher.

But it also keeps the market focus firmly on data, after jobs data missed forecasts and the U.S. ISM manufacturing survey showed a shocking contraction in activity. The ISM services data is released Tuesday and is seen as the key data for a week that also includes Wednesday's Fed Beige Book release and JOLTS, jobs turnover data, and Friday's wholesale trade.