US Stock Market: Fed minutes, corporate earnings to set the tone for Wall Street this week
Awaiting price reaction for this filing.
US equity markets are bracing for a pivotal week with the release of the Federal Reserve's June policy meeting minutes on Wednesday, which investors will parse for clues on inflation risks and the likelihood of further rate hikes following the central bank's hawkish pivot. The second-quarter earnings season also kicks off with reports from Delta Air Lines and PepsiCo, while S&P 500 companies are projected to deliver more than 24 percent year-on-year earnings growth according to LSEG IBES estimates. Despite a robust 14.9 percent gain for the S&P 500 in the second quarter, recent volatility in large-cap technology and semiconductor stocks has raised concerns over concentrated market leadership, though the S&P 500 remains up over 9 percent year-to-date.