WEEKLY MARKET REPORT
Get ready for a pivotal week in the markets!
đžTuesday: Earnings from $VZ, $GM, $MMM, $RTX, $GE, $LMT; BRICS Summit đžWednesday: Existing Home Sales, Fed Beige Book; Earnings from $TSLA, $IBM, $BA, $KO đžThursday: Jobless Claims, Manufacturing and Services PMIs, New Home Sales; Earnings from $UPS, $AAL, $LUV đžFriday: Durable Goods Orders, Consumer Sentiment
Stocks took a pause after achieving their longest rally of the year, with traders gearing up for crucial earnings reports from industry giants like Boeing and Tesla.
After a relentless climb to all-time highs, equities have stepped back from overbought territory. Despite Mondayâs dip, the S&P 500 has gone an impressive 30 sessions without back-to-back losses, a streak among the best since 1928.
This week is a major earnings hurdle, with about 20% of S&P 500 companies set to report results. With election day on the horizon and earnings season in full swing, the economy is projected to grow over 3%.
Stay tuned for key developments!
