Coming up: PCE inflation, second-quarter GDP, and earnings from Tesla, Google, Visa
Key Takeaways
- Investors are watching for earnings reports this week from several Big Tech firms, including Tesla, Google parent Alphabet, and IBM.
- A number of pharmaceutical companies will also deliver financial updates, with AbbVie, AstraZeneca, and Bristol Myers Squibb set to report.
- The June personal consumption expenditures index on Friday will be the last report on inflation before the Federal Reserve next meets.
- Investors also will get their first look at second-quarter gross domestic product on Thursday.
Investors will focus on earnings from several top firms this week, with Tesla’s (TSLA) report on Tuesday likely to get the most attention.
Alphabet (GOOG), Visa (V), Verizon Communications (VZ), IBM (IBM), and AT&T (T) also are scheduled to provide financial updates this week. Several pharmaceutical firms will report as well, including AbbVie (ABBV), AstraZeneca (AZN), and Bristol Myers Squibb (BMY).
The June report on the personal consumption expenditures (PCE) index will show whether inflation continues to move lower, providing Federal Reserve officials with their last update on prices before meeting in late July. Investors also will get the first estimate of second-quarter gross domestic product (GDP).
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