Honeywell International IncHoneywell Aerospace spin-off mentioned as corporate activity; impact unclear.
Wall Street heads into a holiday-shortened week with investors focused on US labor market data and Federal Reserve communications. The June nonfarm payrolls report on Thursday is expected to show job creation moderating to around 110,000 to 120,000 additions, with unemployment steady at 4.3% and wage growth near 0.3% month-on-month. Federal Reserve Chair Kevin Warsh is due to speak at the ECB's Sintra forum, and markets will scrutinize his comments for signals on inflation tolerance and policy direction. Corporate activity includes the spin-off of Honeywell Aerospace and S&P Global's separation of its automotive data business into Mobility Global, while IPO activity remains active with listings from Bending Spoons, Neutron Holdings, CopperTech, and ITG. Earnings from Nike and updates from Amazon's AWS summit are also in focus.
Honeywell International IncHoneywell Aerospace spin-off mentioned as corporate activity; impact unclear.
Mobility Global is the new entity from S&P Global's separation; no further details.
S&P Global IncS&P Global separating automotive data business into Mobility Global; impact unclear.
Nike IncNike earnings are in focus but no details provided.
Amazon.com Inc