Company / Analytics

Analytics, 11 July 2022

What will drive the markets this week?

On Friday last week, most stocks were in the reds, taking off a bit of gain from earlier in the week. All major indices saw ups and downs, closing the day with only the Nasdaq composite in the positive.

For the week, the Nasdaq gained 4.5%, while the S&P and Dow advanced 1.9% and 0.8%, respectively.

This week will kick off the start of the corporate earnings season, as a number of the largest U.S. banks and financial services firms are set to report second-quarter earnings later in the week. JPMorgan Chase, Morgan Stanley, and First Republic Bank will report on Thursday, followed by Wells Fargo, BlackRock, Citigroup, U.S. Bancorp, BNY Mellon, and PNC Bank on Friday. Earnings are also expected from PepsiCo, Delta Air Lines, and UnitedHealth, among others. June inflation data will be made available this week with the latest update to the Consumer Price Index (CPI) on Wednesday, followed closely by the Producer Price Index (PPI) on Thursday.

On Friday, we can expect the latest updates on retail sales and industrial production tracking the month of June, along with the preliminary July update to the University of Michigan’s Consumer Sentiment Index (MSCI).

Monday, July 11

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Friday, July 15

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