Big Tech’s input influences Marketmind, UK feels relieved.
A Look Ahead in U.S. and Global Markets
July is Heating Up and Cooling Down
Red-hot, Big Tech mega caps that have driven Wall St stocks to their highest in more than a year start to clock second-quarter updates later on Wednesday, while world markets were buoyed again as Britain finally starts to join the disinflation club.
Tesla and Netflix – both part of New York’s 10-stock FANG+TM index of leading tech and digital giants that has almost doubled so far this year – will report after the bell on Wednesday. IBM also releases earnings.
Forecast-beating banks get an update from Goldman Sachs after investment banking rival Morgan Stanley updates in the light of a forecast-beating UK inflation
Events to Watch for Later on Wednesday:
- U.S. corporate earnings: Tesla, Goldman Sachs, Netflix, IBM, Kinder Morgan, United Airlines, Halliburton, M&T Bank, Northern Trust, Zions Bancorp, US Bancorp, Citizens Financial, Nasdaq, Equifax, Discover Financial, Crown Castle, Steel Dynamics, Baker Hughes, Elevance Health
- U.S. June housing starts and permits
- U.S. Treasury auctions 20-year bonds
(By Mike Dolan, Editing by Bernadette Baum; mike.dolan@thomsonreuters.com. Twitter: @reutersMikeD)
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