
This week features a light earnings calendar with Nike leading reports amid mixed analyst views and execution challenges. The June employment report, due Thursday, is crucial as strong job growth could push the Federal Reserve to tighten monetary policy due to wage inflation concerns. Rising geopolitical tensions follow U.S. strikes on Iranian assets, reducing near-term chances of normalized Strait of Hormuz traffic. Dividend investors should note ex-dividend dates for Mondelez, Comcast, Bristol-Myers Squibb, and Sysco this week.