Lilly, Marriott, Lyft Earnings: 3 Things to Watch By Investing.com – Investing.com

  • Date: 03-Aug-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Gulf
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Lilly, Marriott, Lyft Earnings: 3 Things to Watch By Investing.com – Investing.com

© Reuters

By Dhirendra Tripathi



Investing.com -- The U.S. Senate’s move ahead with a $1 trillion infrastructure plan helped support stocks despite growing concerns that a surge in new coronavirus infections could dent the economic recovery.



Corporate earnings are also helping the mood on Wall Street, and this week promises another big slate of reports from about one-quarter of the . On Monday, stock trading was muted, with the S&P 500 and the trading down slightly heading into the close.



On Sunday, the Senate finally revealed a bipartisan plan to spend on roads, bridges, railways and high-speed internet service, and some lawmakers said it was on track for passage as early as this week.



Earlier in Monday, oil prices fell about 4% on weak economic data out of China and the U.S., which happen to be the biggest buyers of oil. Weakness in demand -- especially if businesses have to cut back activity because of a surge in virus cases -- will weigh on crude prices. 



Manufacturing activity in the U.S. slowed in July for the second in a row. But most analysts are focused on Friday’s report on jobs added in July as a litmus test for the economic