What To Expect In The Markets This Week

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Amara

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Jul 18, 2024
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Federal Reserve Rate Decision: The Federal Reserve will announce its latest rate decision on Wednesday, with no changes expected to the current 5.25%-5.5% range.
Big Tech Earnings: Apple, Meta, Amazon, and Microsoft are set to report earnings this week.
Additional Earnings Reports: Updates are expected from McDonald’s, ExxonMobil, Pfizer, and Merck.

Major Events This Week:
Monday, July 29

Dallas Federal Reserve manufacturing index (July)
Earnings: McDonald’s, ON Semiconductor, Equity Residential, SBA Communications

Tuesday, July 30.

S&P CoreLogic Case-Shiller home price index (May)
Consumer Confidence (June)
Job openings (June)
Earnings: Microsoft, Procter & Gamble, Merck, Advanced Micro Devices, Pfizer, BP, Starbucks

Wednesday, July 31

ADP employment report (July)
Pending home sales (June)
FOMC interest rate decision and Chair Jerome Powell's press conference

Earnings: Meta Platforms, Mastercard, Qualcomm, T-Mobile, Arm Holdings, Lam Research, Boeing.

Thursday, August 1

Jobless claims (Week ending July 27)
S&P manufacturing PMI (July)
ISM manufacturing (July)
Construction spending (June)
Earnings: Apple, Amazon, Toyota Motor, Shell, Intel, Booking Holdings, ConocoPhillips, Anheuser-Busch InBev

Friday, August 2

U.S. employment report (July)
Factory orders (June)
Earnings: ExxonMobil, Chevron
Market Focus:
Federal Reserve Rate Decision: Expected to maintain current rates, with focus on the Friday employment report for future rate decisions.

Big Tech Earnings: Microsoft, Meta, Apple, and Amazon reports are highly anticipated.
Oil and Pharmaceutical Earnings: ExxonMobil, Chevron, BP, Shell, ConocoPhillips, Merck, and Pfizer are set to report, alongside consumer-focused companies like McDonald’s and Starbucks.
This week promises significant activity in the markets, with pivotal updates in monetary policy and major earnings reports from leading tech, oil, and pharmaceutical firms.