With the large big caps behind us, what is left in the US Earnings calendar this week?

• Last week’s positive news included strong earnings from Wall Street heavyweights Amazon and Alphabet. However, disappointing Apple earnings resulted in a 4.8% drop in its stock and helped lead to declines on Friday. Nevertheless, over 79% of S&P 500 companies have exceeded estimates for Q2 so far, the highest rate since Q3 2021.

The major indices all closed lower on the week:

• Dow Industrial Average fell -1.11%
• S&P index fell -2.27%
• NASDAQ index fell -2.85%
• Russell 2000 fell -1.21%

In the major European indices last week:

• German DAX fell -3.14%
• France’s CAC fell -2.16%
• UK’s FTSE 100 fell -1.69%

in the Asia-Pacific markets:

• Nikkei 225-1.73%
• Shanghai composite index rose 0.37%
• Hang Seng index fell -1.89%
• Australia’s S&P/ASX 200 index fell -1.1%

What is on the US schedule this week?

Monday:

Tuesday:

• UPS
• Lilly
• Rivian
• AMC
• Twillion
• Celcius

Wednesday

• Sony
• Wendy’s
• Disney
• Wynn Resorts

Thursday