Big tech earnings to test AI rally as markets enter crucial week

Wall Street braces for a pivotal week of Q2 earnings from Alphabet, Tesla and Intel, which will test the durability of the AI-driven rally. Investors are weighing concerns over stretched tech valuations, slowing EV demand, geopolitical tensions, rising oil prices and uncertainty around Federal Reserve rate cuts. Besides big tech, results from General Motors, IBM, American Express, Verizon and RTX will offer broader signals on consumer spending and corporate demand.