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The three major US stock indexes closed weakly on Friday. Dow Jones industrials gained 0.2%, while the S&P 500 fell 0.16% and the Nasdaq 0.5%. Six of the 11 sectors ended the day lower, led by consumer discretionary (1.7%) and communication services (1.2%). The energy sector increased by 2% and the financial sector by 0.7%. All three indexes rose in Monday’s premarket trading.

This week’s big economic news comes first on Wednesday and Thursday, when the Bureau of Labor Statistics releases the Consumer Price Index (CPI) and Producer Price Index (PPI), respectively. Economists currently expect the CPI to rise 0.2% month-over-month, well below June’s 1.3% increase. The PPI is expected to rise 0.3% in July, much less than the 1.1% rise in June.

Ahead of Monday’s market open, Barrick Gold beat estimates both high and low. The stock traded down around 2.6% in Monday’s pre-market.

Palantir missed earnings and revenue estimates and issued lower guidance for the third quarter and for the full year. The stock fell more than 14%.

Tyson Foods beat revenue estimates but missed profits. Shares traded down about 3.4% in Monday’s premarket.

Viatris reported adjusted EBITDA of $0.26 per share and sales of $4.1 billion. Both were below estimates, but estimated and actual benefits may not be comparable. The company also issued a lower forecast. The stock traded more than 4% in the premarket session.

After markets close on Monday, Upstart and Velodyne Lidar will release their quarterly results. Tuesday’s premarket reports include those from GlobalFoundaries and Norwegian Cruise Lines.

Here are previews of four earnings reports due out after markets close on Tuesday.

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Coinbase

After a disappointing few months after its IPO in April 2021, shares of Coinbase Global Inc. (NASDAQ: COIN) hit a post-IPO peak in early November. Since then, the stock has fallen around 74%. Over the past 12 months, stocks are down about 64%. Since hitting a 52-week low in mid-May, stocks are up 59%, and since a recent low on July 26, stocks are up almost 76%. It is no surprise that the fortunes of the cryptocurrency exchange have followed the woes of Bitcoin and all other cryptocurrencies.

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