The busiest week of the summer on Wall Street has arrived.
More than 150 S&P 500 companies are set to report quarterly results in the week ahead, headlined by Microsoft (MSFT), Alphabet (GOOGL), and Meta (META). Amid this earnings rush, the Federal Reserve will announce its latest policy decision on Wednesday afternoon and is expected to announce another 0.25% increase in its benchmark interest rate.
The economic calendar will also keep investors busy with the first read on second quarter GDP, two looks at consumer confidence, inflation data, and an initial look at manufacturing activity in July all on the schedule.
This headline blitz will follow a week that saw the Dow Jones Industrial Average (^DJI) take on a leadership role in the market, rising 2.1% during the week with the Blue Chip index finishing a tenth-straight winning session on Friday. Meanwhile, the Nasdaq Composite (^IXIC) served as the week’s laggard, falling 0.6%.
The benchmark S&P 500 split the difference, rising…
2023-07-23 06:55:37
Original from finance.yahoo.com
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