This week on Wall Street: 2quarterly earnings, 6July CPI and Fed testimony in focus
This week on Wall Street, 500companies 28will report 2quarterly earnings, and 6the July Consumer Price Index (CPI), the Producer Price Index (PPI), and Fed Chair Woshi's testimony before Congress are scheduled. Investors will check earnings, inflation data, and the chair's remarks at the same time.
This week on Wall Street will focus on 2quarterly corporate earnings reports and 6the July Consumer Price Index and the Fed Chair's testimony before Congress.
S&P500companies 28will report earnings this week. Major reporting companies include TSMC, Netflix, Johnson & Johnson, and UnitedHealth.
Major U.S. banks are kicking off this earnings season this week.
According to FactSet, S&P500 companies' 2quarterly net income is expected to increase by 23.6% year over year. If this outlook materializes, 7 consecutive quarters of double-digit earnings growth will be recorded.
Jeffrey Buchbinder, chief analyst at LPL Financial, said companies’ cost control and the impact of artificial intelligence investments are key variables for margins.
Market expectations are that the 6Consumer Price Index for the month will rise 3.8% year over year, while the Producer Price Index will increase by 6.2%.
This is a slowdown from the 5% year-over-year increase in the 4.2 month and the 6.5% rate.
Federal Reserve Chair Wash will appear before the House Financial Services Committee on 7 and before the Senate Banking Committee on 14 for his semiannual congressional testimony.7month 15day
Sources: 뉴시스 경제
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.