Time: 2024-07-15
The earnings season is upon us , with some of the biggest U.S. banks and companies gearing up to report their second - quarter results . Companies like Goldman Sachs , Morgan Stanley , Bank of America , and Netflix are expected to release their latest figures . Analysts are optimistic , predicting an 8.8 % increase in earnings from the year - earlier period for S&P 500 companies . This would mark the strongest earnings growth since the first quarter of 2022 . Investors are eagerly awaiting the key reports from these companies to gauge the financial health of the market.
Netflix will be the first Big Tech company to report quarterly earnings , with results set to be released after the closing bell on Thursday . Investors will also closely watch for earnings reports from ASML and Taiwan Semiconductor Manufacturing Company . ASML is the leading manufacturer of lithography machines , while TSMC is the world 's largest chip manufacturer . Additionally , Wall Street 's biggest banks , including Goldman Sachs , Morgan Stanley , and Bank of America , will be reporting their earnings . These reports will provide insight into the overall performance of the financial sector.
Thursday 's inflation data had a significant impact on the market , with both positive and negative reactions . Investors are also keeping a close eye on the political landscape , especially after an assassination attempt on Donald Trump . The upcoming Republican National Convention and the economic data calendar , including retail sales reports , will be important factors influencing market sentiment.
The Federal Reserve 's potential interest rate cuts in September have garnered attention after June 's inflation data showed a decline . The labor market remains a key focus , with unemployment rates fluctuating . The Fed 's chair , Jerome Powell , is expected to provide further insights during the upcoming policy meeting and the Jackson Hole Economic Symposium . Economic indicators suggest a possible rate cut , sparking discussions among analysts and investors.
The weekly calendar includes a mix of economic data releases and earnings reports from various companies across different sectors . The market 's response to these events will shape investor sentiment and provide clues about the overall economic outlook for the coming months . Stay tuned for more updates on earnings , finance , and stock market trends.