TLDR
- Palantir, AMD, McDonald’s, Disney, Uber, and major pharma companies report earnings this week
- U.S. trade deficit data will show impact of Trump’s tariff policies on international trade
- Federal Reserve officials including Mary Daly and Alberto Musalem will speak publicly
- Consumer credit data and productivity reports provide insight into economic health
- McDonald’s faces traffic decline from middle-income households while Novo Nordisk cut outlook
Several major companies will release quarterly earnings this week as investors monitor economic indicators and Federal Reserve commentary. The week begins with artificial intelligence firm Palantir Technologies reporting on Monday.
Advanced Micro Devices follows on Tuesday with its earnings report. Analysts believe the chipmaker’s MI350 series chips could compete with Nvidia products in the AI market.
Uber Technologies reports Wednesday alongside several other major companies. The ride-hailing firm has received positive analyst coverage ahead of its earnings announcement.
Restaurant and Entertainment Giants Face Challenges
McDonald’s releases earnings Wednesday as the fast-food chain deals with declining traffic from middle-income customers. The company previously reported reduced visits due to lower consumer confidence among this demographic.
Walt Disney also reports Wednesday after raising its full-year profit outlook last quarter. The entertainment company benefited from subscriber growth across its streaming platforms.
The pharmaceutical sector features heavily this week with multiple earnings reports. Novo Nordisk reports Wednesday after cutting its full-year outlook due to declining sales of weight-loss drugs Ozempic and Wegovy.
Eli Lilly reports Thursday following profit outlook cuts in May. The company cited high research and development costs as a factor in the reduced guidance.
Other major pharmaceutical companies reporting include Pfizer on Tuesday and Amgen also on Tuesday. These reports will provide insight into the broader healthcare sector performance.
Economic Data Reveals Trade Policy Impact
The U.S. trade deficit data releases Tuesday, showing how President Trump’s tariff policies affect international commerce. The gap between imports and exports has been narrowing as tariffs take effect.
Second-quarter productivity data comes as economists study artificial intelligence’s impact on the workforce. This report will provide insight into economic efficiency trends.
Consumer credit information releases later in the week as economists monitor American spending patterns. This data helps assess the overall health of consumer finances.
Weekly jobless claims data comes Thursday following last week’s employment report. Investors will watch for labor market trends and economic stability indicators.
Federal Reserve Officials to Speak
San Francisco Federal Reserve President Mary Daly speaks Wednesday following last week’s decision to keep interest rates unchanged. Two committee members voted to cut rates during the previous meeting.
Atlanta Fed President Raphael Bostic and St. Louis Fed President Alberto Musalem also deliver remarks this week. Their comments will provide insight into future monetary policy direction.
The Federal Open Market Committee maintained current interest rates despite some internal disagreement. Market participants will analyze official statements for policy clues.
Factory orders data for June releases Monday, potentially showing whether tariffs are boosting domestic manufacturing. This information comes as trade policies reshape international business relationships.
The S&P 500 ended the week with a 2.94% decline. This marks a notable pullback following recent market highs.
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