Wall Street is expected to see a busy start to August with an influx of economic data and corporate earnings reports. About 120 S&P 500 companies are set to release their quarterly results.
Economic Data and Fed Statements
This week features the release of PMI data, results from a bond auction, weekly jobless claims, and speeches from five Fed officials. These events could influence investor sentiment both positively and negatively.
Earnings Reports from Major S&P 500 Companies
Around 120 S&P 500 companies, including Pfizer, AMD, and Disney, are slated to report their quarterly earnings. Pfizer will announce its results on Tuesday before the market opens.
Impact of Reports on the Market
It is anticipated that with 82% of companies that have reported exceeding expectations, investor focus will be on management comments, which may create market volatility.
The week is set to be intense for both investors and analysts, with the wealth of economic data and major company reports highlighting the current market conditions.
