Company / Analytics

Analytics, 25 July 2022

What will drive the markets this week?

Last week ended in red for most US indices. Despite the pullbacks on Friday, US equities saw a rebound from the previous week’s losses to close the week in sizable gains. Friday saw the S&P 500 fall nearly 1%, as results from Snap led to a downturn in social media shares, but the US index finished 2.6% higher for the week. The Dow rose 2%, while the NASDAQ climbed 3.3% for the week.

Several events are poised to affect the financial markets this week. Corporate earnings from Wall Street’s prominent companies are perhaps the most expected in the week.

Earnings from Microsoft and Google are expected on Tuesday, While Facebook’s parent company is expected to announce its second-quarter earnings on Wednesday. Apple and Amazon will follow on Thursday.

Other companies expected to report earnings include Visa, Mastercard, The Coca-Cola Company, McDonald’s, Ford Motor Company, General Electric, Boeing, Southwest Airlines, and ExxonMobil, among many others.

Here is a list of events expected to move markets in the week:

Monday, July 25

Tuesday, July 26

Wednesday, July 27

Thursday, July 28

Friday, July 29

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