Investors will focus on earnings from several top firms this week, with Tesla’s (TSLA)🍌 report on Tuesday likely to⛎ get the most attention.

Alphabet (GOOG), Visa (V), Verizon Communications (VZ), IBM (IBM), and AT&T (T) also are scheduled to provide financial updates this week. Several pharmaceutical firms will report as well, including AbbVie (ABBV), AstraZeneca (AZN), and Bristol Myers Squibb (BMY). 

The June report on the 澳洲幸运5官方开奖结果体彩网:personal consumption exꦦpe♑nditures (PCE) index will show whether inflation continues to move lower, providing Federal Reserve officials with their last update on prices before meeting in late July. Investors also will get the first estimate of second-quarter 澳洲幸运5官方开奖结果体彩网:gross domestic product (GDP).  

Federal Reserve officials are in a blackout period before their next meeting, so they aren't allowed to make public comments this week. But affairs in Washington will also be front and center, with President Biden on Sunday saying he 澳洲幸运5官方开奖结果体彩网:would not seek reelection and endorsing Vice President Kamala Harris.

Monday, July 22

• SAP (SAP), Verizon Communications, Ryanair Holdings (RYAAY), and Truist Financial (TFC) report earnings. 

Tuesday, July 23

• Existing home sales (June)
• Alphabet, Tesla, Visa, Coca-Cola (KO), GE Aerospace (GE), Comcast (CMCSA), and United Parcel Service (UPS) report earnings

Wednesday, July 24

• S&P Global flash composite U.S. PMI (July)
• New home sales (June)
• Advance international trade (June)
• Advance retail inventories (June)
• Advance wholesale inventories (June) 
• Thermo Fisher Scientific (TMO), IBM, ServiceNow (NOW) and AT&T report earnings

Thursday, July 25

• Gross domestic product (GDP) (Q2)
• Durable goods (June)
• AbbVie, AstraZeneca, Union Pacific Corp (UNP), Unilever (UL) and Honeywell International (HON) report earnings

Friday, July 26

• Personal consumption expenditures (PCE) index (June)
• Consumer sentiment (July)
• Bristol Myers Squibb, Colgate-Palmolive (CL) and 3M (MMM) report earnings

In꧋vestors Watching Ear♋nings from Tesla, Google, Visa

Corporate eaꦕrnings are scheduled from major tech, telecom, and pharmaceutical companies, with several highly anticipated second-quarter financial reports due this week.

Investors will be focused on Tuesday’s report from Tesla, which is coming on the heels of a 澳洲幸运5官方开奖结果体彩网:bet♎ter-🅰than-expected quarterly delivery report that has sent its shares soaring. Tesla is expected to produce 澳洲幸运5官方开奖结果体彩网:second-quarter revenue near what it posted for the same period last year🐼.ꩲ 

Also on Tuesday, Google parent Alphabet looks to better its performance from the previous quarter, when it 澳洲幸运5官方开奖结果体彩网:reported a 15% revenue jump, while also unveiling its first dividend for shareholders. O📖n Wednesday, invest🎉ors will hear from IBM and ServiceNow. 

Top telecom carriers are reporting this week, with Verizon Communications’ financial update on Monday. AT&T’s earnings update on  Wednesday comes as the company 澳洲幸运5官方开奖结果体彩网:contends with a data breach. Cable and internet provider Comcast repor🎀ts on Tuesday.

Earnings from pharmaceutical maker AbbVie come after the company warned that sales of its popular arthritis drug 澳洲幸运5官方开奖结果体彩网:Humira faces incre🍌asing competition. Other pharmaceutical makers scheduled to report this week include AstraꦡZeneca and Bristol Myers Squibb, and laboratory equipment maker Theౠrmo Fisher Scientific will also deliver its quarterly financial update. 

Credit card provider Visa’s report on Tuesday will provide some insight 🍌into how consumers are handling current credit conditions. 

Investors will also get earnings reports on several popular consumer brands, including the Tuesday earnings from Coca-Cola that could show whether shoppers are still 澳洲幸运5官方开奖结果体彩网:willing to pay higher prices. Other firms with consumer brands reporting this week include Colgate-Palmolive, 3M, and Unil🦹ever. 

Inflation, GDP Data Come Ahead of Fed Meeting

As anticipation for interest-rate reductions mounts, market watchers will ge♕t key inflation data on Friday, when the personal consumption expenditures (PCE) index will show whether price growth continued to slow in June. 

The data comes as Federal Reserve offiඣcials have spoken of gaining m🌺ore confidence that the annual rate of price increases is approaching their target goal of 2%. Having set interest rates at decades-high levels to help combat the spikes in inflation in 2022 and 2023, Fed officials are looking for more good news on price levels before starting to ease those rates. 

Friday’s PCE report offers the last major piece of economic data before the Federal Open Market Committee (FOMC) meets at the end of July. While most investors and economists believe that the Fed will 澳洲幸运5官方开奖结果体彩网:wait until its September meeting, some are arguing that the 澳洲幸运5官方开奖结果体彩网:cent🐈ral bank shou💎ld move in July on a rate cut. Friday’s inflation report could strengthen that case for officials. Meanwhile, there won’t be any guidance from 澳洲幸运5官方开奖结果体彩网:Federal Reserve officials this week because they are in a blackout period that prohibits public comment ahead of the folloಌwing week’s FOMC meeting.

Investors will also get their first look at second-quarter GDP figures on Thursday after a strong 澳洲幸运5官方开奖结果体彩网:June retail sales report has led some economists to ꦿthink the data could come in stronger than anticipated. 

Other economic data on tap this week includes June updates for both new and existing home sales, along with consumer sentiment, retail and wholesale inventories, and an update on the U.S. trade deficit via the June advance international trade report.