Wall Street's attention this week will be on any further fallout from the July jobs report. A much weaker than anticipated nonfarm payrolls reading, coupled with significant revisions in jobs growth from May and June, has rocked market sentiment. Trump's subsequent firing of Bureau of Labor Statistics (BLS) Commissioner Erika McEntarfer has been met with widespread reactions of concern.

The earnings season will continue to chug along this week, though the pace will ease up considerably. About twenty-nine members of the S&P 500 are expected to announce their reports, including major names such as theme park and entertainment giant Walt Disney (DIS).

The economic calendar will be fairly light compared to last week's largely packed affair. Market participants will receive services PMI readings.

AbbVie Inc. (ABBV) is a research-based biopharmaceutical company that engages in the research and development, manufacture, commercialization, and sale of medicines and therapies worldwide.

The company offers Humira, an injection for autoimmune and intestinal Behçet's diseases, generalized pustular psoriasis, and pyoderma gangrenosum; Skyrizi to treat autoimmune diseases, erythrodermic psoriasis, generalized pustular psoriasis, and palmoplantar pustulosis; Rinvoq to treat inflammatory diseases; Imbruvica for the treatment of adult patients with blood cancers; Venclexta/Venclyxto to treat blood cancers; Elahere to treat various cancer; and Epkinly to treat lymphoma.

ABBV delivered earnings last week and they were well-received. I am watching for a breakout to the upside. If we trade above $201, I want to play this bullish momentum with a call vertical spread targeting the $220 strike.

Etsy, Inc. (ETSY) operates a two-sided online marketplace that connects buyers and sellers worldwide.

The company operates through three segments: Etsy, Reverb, and Depop.

It primarily operates Etsy marketplace that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; and Depop, a fashion resale marketplace. In addition, it provides marketplace activities, including transaction offsite advertising, payments processing, and listing fees, as well as from optional seller services, which include on-site advertising and shipping labels. Further, the company offers Etsy Search Visibility Page that is designed to give sellers more agency and control over their businesses; Etsy Purchase Protection program that is designed to help buyers; and Etsy Share & Save program for sellers to save on Etsy fees for sales that drive to their Etsy shop from their own channels, as well as educational resources.

Vertiv Holdings Co (VRT) designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

The company offers AC and DC power management products, switchgear and busbar products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming. It also provides lifecycle management services, predictive analytics, and professional services for deploying, maintaining, and optimizing its products and their related systems; and preventative maintenance, acceptance testing, engineering and consulting, performance assessments, remote monitoring, training, spare parts, and critical digital infrastructure software services.

The company offers its products primarily under the Vertiv, Liebert, NetSure, Geist, Energy Labs, ERS, Albér, and Avocent brands. It serves cloud services, financial services, healthcare, transportation, manufacturing, energy, education, government, social media, and retail industries through a network of direct sales professionals, independent sales representatives, channel partners, and original equipment manufacturers.