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Wall Street’s major averages aimed to go higher on Friday as oil prices decreased. Nonetheless, the indexes are on track for another losing week. Oil prices rose above $100 per barrel on Thursday after Houthi rebels reportedly struck two Saudi Arabian oil tankers in the Red Sea. President Donald Trump is looking to resume major military operations in Iran, according to reports. Trump also said China and Russia had assured him they would not supply weapons to Iran.
The next week will be packed with major earnings and key economic data releases. The Fed’s interest rate decision on Wednesday dominates the earnings calendar, followed by the FOMC press conference on Thursday. On Thursday, various other data, including preliminary Q/Q GDP numbers, initial jobless claims data, and PCE price index data are also due to be released. Consumer confidence data for July will be released on Tuesday, while Chicago PMI for the month is due on Friday.
Big tech earnings, including Apple (AAPL), Microsoft (MSFT), and Meta (META) are lined up for the coming week. Other major firms reporting their results next week include Mastercard (MA), Visa (V), Coca-Cola (KO), and Boeing (BA).
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Earnings spotlight: Monday: AstraZeneca (AZN). See the full earnings calendar.
Earnings spotlight: Tuesday: Visa, Coca-Cola, Boeing, Ford (F). See the full earnings calendar.
Earnings spotlight: Wednesday: Microsoft, Meta, P&G (PG), Arm (ARM), Qualcomm (QCOM). See the full earnings calendar.
Earnings spotlight: Thursday: Apple, Amazon (AMZN), Mastercard (MA). See the full earnings calendar.
Earnings spotlight: Friday: AbbVie (ABBV), Chevron (
