Upcoming: PCE Inflation, Second-Quarter GDP, and Earnings from Tesla, Google, Visa

The upcoming week is packed with major events that investors will be closely watching. From earnings reports from Big Tech firms like Tesla, Google, and IBM to updates on inflation and GDP, there is a lot to keep an eye on.

One of the most anticipated events of the week is Tesla’s earnings report on Tuesday. Following a strong quarterly delivery report, investors are eager to see if Tesla can maintain its momentum. Google parent Alphabet is also set to report on Tuesday, with expectations of improving on its previous quarter’s performance. Other tech giants like IBM and ServiceNow will also be sharing their financial updates this week.

In addition to tech companies, telecom carriers like Verizon Communications and AT&T will be reporting their earnings. Pharmaceutical companies like AbbVie, AstraZeneca, and Bristol Myers Squibb will also be delivering their financial updates. Credit card provider Visa’s report will provide insight into consumer spending habits.

On the economic front, investors will be closely watching the June personal consumption expenditures (PCE) index report on Friday. This will be the last major piece of economic data before the Federal Reserve’s next meeting. With expectations of interest rate reductions, the inflation data will be crucial in determining the Fed’s next steps.

Thursday will also see the release of second-quarter GDP figures, with economists speculating that the data could come in stronger than anticipated. Other economic data to look out for includes updates on new and existing home sales, consumer sentiment, retail and wholesale inventories, and the U.S. trade deficit.

Overall, this week is shaping up to be a busy one for investors, with a lot of key events that could have a significant impact on the markets. Stay tuned for updates on earnings reports, inflation data, and GDP figures as the week unfolds.